For what fiscal years are the audited financial statements provided for Hawaiian Bros Island Grill?
Hawaiian_Bros_Island_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Hawaiian Bros Franchising, LLC, which comprise the balance sheets as of December 29, 2024 and December 31, 2023, and the related statements of operations, member's equity, and cash flows for the years ended December 29, 2024, December 31, 2023, and the period from September 16, 2022 to December 25, 2022, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Hawaiian Bros Franchising, LLC as of December 29, 2024 and December 31, 2023, and the results of its operations and its cash flows for the year ended December 29, 2024 and December 31, 2023, and the period from September 16, 2022 to December 25, 2022, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 77)
What This Means (2025 FDD)
According to Hawaiian Bros Island Grill's 2025 Franchise Disclosure Document, the audited financial statements included are for the fiscal years ended December 29, 2024, and December 31, 2023. Additionally, the statements include data for the period from September 16, 2022, to December 25, 2022. These statements include balance sheets, statements of operations, member's equity, and cash flows, along with related notes.
These financial statements offer prospective franchisees insight into the financial performance and position of Hawaiian Bros Franchising, LLC. The inclusion of multiple years allows for a comparative analysis, helping potential franchisees understand trends in the company's financial health. It's important to note that the financial statements may not be indicative of conditions that would have existed if the Company had been operated as an unaffiliated entity.
The report was prepared by independent auditors, Moss Adams, LLP, indicating an objective assessment of the company's financials. The auditors' opinion states that the financial statements present fairly the financial position of Hawaiian Bros Franchising, LLC in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should carefully review these audited financial statements and notes, possibly with a financial advisor, to fully understand the financial standing of Hawaiian Bros Island Grill. Understanding the franchisor's financial stability is crucial for assessing the risks and potential rewards of investing in a Hawaiian Bros Island Grill franchise.