Where can I find the Statement of Operations for Afuri Ramen Dumpling in the provided financial statements?

According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the Statement of Operations can be found within the audited financial statements. The independent auditor's report indicates that they have audited the financial statements of Afuri Franchise, Inc., which include the balance sheets as of December 31, 2021, and 2020, and the related statements of operations, stockholder's equity, and cash flows for the years then ended, and the related notes to the financial statements. This report confirms that a Statement of Operations is part of the provided financial documents.

The inclusion of a Statement of Operations is standard practice in financial reporting, as it provides a summary of the company's revenues, costs, and expenses during a specific period. For a prospective Afuri Ramen Dumpling franchisee, reviewing the Statement of Operations is crucial for understanding the financial performance of the franchisor. This statement helps in assessing the franchisor's profitability, revenue trends, and expense management, which are all vital indicators of the franchisor's financial health and stability.

It is important for potential franchisees to carefully examine these statements, possibly with the help of a financial advisor, to gain a clear understanding of the franchisor's financial position. This due diligence can inform their decision-making process and help them evaluate the potential risks and rewards associated with investing in an Afuri Ramen Dumpling franchise. The auditor's opinion also provides assurance that the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America.