factual

Where can I find the audited consolidated balance sheets for BPCNA related to Petro Stopping Center?

Petro_Stopping_Center Franchise · 2025 FDD

Answer from 2025 FDD Document

Exhibit D includes BPCNA's audited consolidated balance sheets as of December 31, 2024 and December 31, 2023, and related consolidated statements of profit and loss, comprehensive income, changes in stockholders' equity and cash flows for the years ended December 31, 2024, 2023, and 2022 and the related notes to the consolidated financial statements.

BPCNA guarantees Petro Franchise's performance under the terms and conditions of the Guaranty of Performance attached to this disclosure document as Exhibit H.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 87)

What This Means (2025 FDD)

According to Petro Stopping Center's 2025 Franchise Disclosure Document, the audited consolidated balance sheets for BP Corporation North America Inc. (BPCNA) as of December 31, 2024, and December 31, 2023, are included in Exhibit D. This exhibit also contains the related consolidated statements of profit and loss, comprehensive income, changes in stockholders' equity, and cash flows for the years ended December 31, 2024, 2023, and 2022, along with related notes.

Prospective franchisees can review these financial statements to assess the financial health and performance of BPCNA, which is relevant because BPCNA guarantees Petro Franchise's performance under the terms and conditions of the Guaranty of Performance attached to the disclosure document as Exhibit H. This guarantee can provide franchisees with a level of security, knowing that a larger entity stands behind the franchise's obligations.

It is important for potential franchisees to carefully examine Exhibit D and Exhibit H to understand the full scope of BPCNA's financial condition and the specifics of the performance guarantee. Consulting with a financial advisor or attorney to interpret these documents is advisable to make an informed investment decision regarding a Petro Stopping Center franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.