Where can I find the Statement of Changes in Members' (Deficit) within the Pearce Bespoke financial statements?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent Auditor's Report | 3 |
|---|---|
| Balance Sheet. | 5 |
| Statement of Operations | 6 |
| Statement of Changes in Members' (Deficit) | 7 |
| Statement of Cash Flows | 8 |
| Notes to Financial Statements | 9 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the location of the Statement of Changes in Members' (Deficit) can be found within the table of contents of the financial statements. Specifically, the table indicates that this statement is located on page 7 of the financial statements.
Prospective franchisees can use this information to quickly locate this specific financial statement within the larger set of financial documents provided in Exhibit A. This statement provides insights into the changes in the equity or deficit of the members of Pearce Bespoke Franchising, LLC over a specific period, which is essential for understanding the company's financial health and stability.
Understanding the changes in members' deficit can help a potential franchisee assess the financial risks and opportunities associated with investing in a Pearce Bespoke franchise. Reviewing this statement in conjunction with other financial statements, such as the balance sheet and income statement, will provide a comprehensive view of the company's financial performance.