Where can I find the Statements of Cash Flows within the 360 Painting financial statements?
360_Painting Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit B to this disclosure document contains the audited consolidated financial statements of our affiliate, Premium Service Brands, LLC and Subsidiaries, as of and for the years ended December 31, 2024, December 31, 2023 and December 31, 2022.
Our separate financial statements are not included in this disclosure document. Should we fail to fulfill our duties and obligations to our franchisees under their franchise agreements, Premium Service Brands, LLC absolutely and unconditionally guaranteesto assume those duties and obligations. Copies of the Guarantees of Performance by Premium Service Brands, LLC are included in Exhibit B.
The fiscal year for both us and Premium Service Brands, LLC is December 31st of each calendar year.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 56)
What This Means (2025 FDD)
According to the 2025 360 Painting Franchise Disclosure Document, the audited consolidated financial statements of Premium Service Brands, LLC and Subsidiaries, which include the years ended December 31, 2024, December 31, 2023 and December 31, 2022, are located in Exhibit B. These statements would include the Statements of Cash Flows.
360 Painting's separate financial statements are not included in the disclosure document. However, Premium Service Brands, LLC, 360 Painting's affiliate, provides an absolute and unconditional guarantee to assume the duties and obligations to the franchisees should 360 Painting fail to fulfill them. Copies of the Guarantees of Performance by Premium Service Brands, LLC are also included in Exhibit B.
The fiscal year for both 360 Painting and Premium Service Brands, LLC ends on December 31st of each calendar year. Therefore, a prospective franchisee can review Exhibit B to find the Statements of Cash Flows for Premium Service Brands, LLC and Subsidiaries, offering insight into the financial health of 360 Painting's affiliate company.