Where can I find the notes to the consolidated financial statements for Petro Stopping Center?
Petro_Stopping_Center Franchise · 2025 FDDAnswer 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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 87)
What This Means (2025 FDD)
According to Petro Stopping Center's 2025 Franchise Disclosure Document, the notes to the consolidated financial statements are included in Exhibit D. Exhibit D contains BPCNA's audited consolidated balance sheets as of December 31, 2024, and December 31, 2023, along with 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.
Prospective franchisees can review these notes to gain a deeper understanding of Petro Stopping Center's financial position and performance. The notes provide additional details and explanations that are not readily apparent in the main financial statements. This information can be crucial for assessing the financial health and stability of the company.
It is important for potential franchisees to carefully examine Exhibit D and consult with a financial advisor to fully understand the implications of the financial statements and related notes. Understanding the financial health of the franchisor is a critical step in evaluating the overall franchise opportunity.