For 1 800 Packouts, which exhibit contains the financial statements?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
applicable Liquidated Damages.
IN WITNESS WHEREOF, the parties have executed and delivered this Rider effective on the Agreement Date.
| RHODE ISLAND Department of Business Regulation – Securities Division John O. Pastore Complex 1511 Pontiac Avenue Building 69-1 Cranston, Rhode Island 02902 (401) 462-9500 | WASHINGTON Department of Financial Institutions Securities Division - 3rd Floor West 150 Israel Road, S.W. Tumwater, Washington 98501 PO Box 9033 Olympia, Washington 98507 (360) 902-8760 |
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| SOUTH DAKOTA Department of Labor and Regulation Securities Regulation Office 445 E. Capitol Avenue Pierre, South Dakota 57501-3185 (605) 773-4823 | WISCONSIN Office of the Commissioner of Securities 345 West Washington Avenue, Fourth Floor Madison, Wisconsin 53703 (608) 261-9555 |
EXHIBIT D TO THE FRANCHISE DISCLOSURE DOCUMENT FINANCIAL STATEMENTS
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FS PEP HOLDCO, LLC and SUBSIDIARIES
Consolidated Financial Statements As of December 31, 2024 and 2023 and For the Years Then Ended
Independent Auditors' Report
(1) To the Board of Managers of FS PEP Holdco, LLC
Opinion
We have audited the accompanying consolidated financial statements of FS PEP Holdco, LLC and subsidiaries (collectively, the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, members' equity, and cash flows for the years then ended, and the related notesto consolidated financialstatements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of FS PEP Holdco, LLC and subsidiaries as of December 31, 2024 and 2023, and the results of their operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Due
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2025 FDD)
According to the 2025 1 800 Packouts Franchise Disclosure Document, the financial statements are included in Exhibit D. This is a standard practice in franchising, as it allows potential franchisees to review the franchisor's financial health and stability before making an investment. These statements provide insights into the company's revenues, expenses, assets, and liabilities.
Exhibit D includes the consolidated financial statements of FS PEP Holdco, LLC and subsidiaries as of December 31, 2024 and 2023, along with the independent auditors' report. The auditor's report expresses an opinion on the fairness of the presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America. The inclusion of audited financial statements adds credibility and provides assurance to prospective franchisees.
The audit opinion notes that the 2023 financial statements of Card my Yard Franchising, LLC, which reflect total assets of $10,040,671 and total revenues of $3,521,565, were audited by other auditors. This is due to the March 2024 acquisition of CMY Holdco, LLC, which owns Card my Yard Franchising, LLC. The auditor's opinion on the consolidated financial statements is partly based on the report of these other auditors for the amounts related to Card my Yard Franchising, LLC as of December 31, 2023, and for the year then ended. A prospective franchisee should carefully review these financial statements and the auditor's opinion to understand the financial condition and performance of 1 800 Packouts and its related entities.