Does the Aerus Franchise Disclosure Document include unaudited financial statements?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
To the Board of Directors and Members of Aerus Franchising, LLC Dallas, Texas
Opinion
We have audited the accompanying financial statements of Aerus Franchising, LLC (the "Company") (a Delaware limited liability company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income, members' equity, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024 in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, the document includes audited financial statements. Specifically, Exhibit 1 of the FDD contains the financial statements. These financial statements include balance sheets as of December 31, 2024, and 2023, along with statements of income, member's equity, and cash flow for each of the three years in the period ended December 31, 2024, and related notes.
An independent auditor has audited these financial statements. The auditor's report expresses an opinion that the financial statements present fairly the financial position of Aerus as of December 31, 2024, and 2023, and the results of its operations and cash flows for the three-year period ending December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
The presence of audited financial statements provides a higher level of assurance to potential franchisees compared to unaudited statements. Audited statements have undergone scrutiny by an independent accounting firm, which enhances their credibility. This helps prospective franchisees make informed decisions about investing in an Aerus franchise.
Prospective franchisees should carefully review the audited financial statements and related notes to understand Aerus's financial performance and position. They should also consult with a financial advisor to assess the implications of these statements for their investment decision.