Does the 1 800 Packouts FDD include a balance sheet for its Parent company?
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, Exhibit D includes the consolidated financial statements for FS PEP Holdco, LLC and subsidiaries, which is the parent company of 1 800 Packouts. These statements include consolidated balance sheets as of December 31, 2024, and 2023, along with related consolidated statements of operations, members' equity, and cash flows for the years then ended. These financial statements are audited by independent auditors.
The inclusion of these audited financial statements provides prospective franchisees with insight into the financial health and stability of 1 800 Packouts' parent company. This is important because the parent company's financial condition can directly impact 1 800 Packouts' ability to support its franchisees. For instance, a financially stable parent company is more likely to invest in ongoing training, marketing, and technological advancements that benefit the entire franchise system.
The auditor's opinion indicates that the financial statements present fairly the financial position of FS PEP Holdco, LLC and its subsidiaries in accordance with accounting principles generally accepted in the United States of America. The audit also considered the acquisition of CMY Holdco, LLC in March 2024, with some financial data for Card my Yard Franchising, LLC (a subsidiary of CMY Holdco, LLC) being based on the report of other auditors for the 2023 financial statements.