What does the auditor's report for Aira Fitness include?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
924 W. 75th Street Suite 120 - 189 Naperville, IL 60565 +1 (815) 348-2421 omar@napercpa.com
INDEPENDENT ACCOUNTANT AUDIT REPORT
To the Management of AIRA FITNESS FRANCHISING LLC
Opinion
We have audited the financial statements of AIRA FITNESS FRANCHISING LLC (the "Company"), which comprise the Balance Sheet as of December 31, 2023 & December 31, 2022, the related Profit & Loss Statements, the related Statements of Cashflows, the related Statements of Shareholders' Equity, and the related notes for the twelve-month periods then ended. (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2023 & December 31, 2022, and the results of its operations and its cash flows for the twelve-month periods then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — **RECEIPTS (FDD pages 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the independent accountant's audit report includes an opinion on the financial statements of Aira Fitness Franchising LLC. The audit encompasses the balance sheets as of December 31, 2023, and December 31, 2022, along with the related profit and loss statements, statements of cash flows, statements of shareholders' equity, and related notes for the twelve-month periods then ended. These components are collectively referred to as the "financial statements."
The auditor's opinion states that the accompanying financial statements present fairly, in all material respects, the financial position of Aira Fitness as of December 31, 2023, and December 31, 2022. It also covers the results of its operations and its cash flows for the twelve-month periods then ended. The audit confirms that these financial statements are in accordance with accounting principles generally accepted in the United States of America.
This type of audit report is standard in franchise disclosure documents. It provides potential franchisees with an independent assessment of the franchisor's financial health. Prospective Aira Fitness franchisees should carefully review these audited financial statements and consult with a financial advisor to understand the franchisor's financial stability and performance before making any investment decisions.