For what specific periods did the audited financial statements of Hawaiian Bros Island Grill cover?
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.
Source: Item 23 — RECEIPTS (FDD pages 77–262)
What This Means (2025 FDD)
According to Hawaiian Bros Island Grill's 2025 Franchise Disclosure Document, the audited financial statements for Hawaiian Bros Franchising, LLC include balance sheets as of December 29, 2024, and December 31, 2023. The statements of operations, member's equity, and cash flows are for the years ended December 29, 2024, and December 31, 2023. Additionally, the statements cover the period from September 16, 2022, to December 25, 2022.
This information is crucial for prospective franchisees as it provides a financial overview of Hawaiian Bros Island Grill's recent performance. Analyzing these statements can help potential franchisees understand the company's financial stability, growth trends, and overall profitability. The inclusion of data from September 2022 to December 2022 offers insight into the company's early financial activities.
It is important to note that the financial statements may not be indicative of conditions that would exist if Hawaiian Bros Franchising, LLC operated as an unaffiliated entity without the support of its member. This should be considered when evaluating the financial health of the company. Prospective franchisees should carefully review the notes to the financial statements for additional context and details.