As of what date are the Aira Fitness balance sheets presented?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of AIRA FITNESS FRANCHISING LLC (the "Company"), which comprise the Balance Sheet as of December 31, 2024 & 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, 2024 & 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 21 — **FINANCIAL STATEMENTS (FDD pages 58–59)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the balance sheets included are presented as of December 31, 2024, December 31, 2023, and December 31, 2022. This provides a three-year view of the company's financial position.
For a prospective franchisee, this information is crucial as it allows them to assess the financial stability and performance trends of Aira Fitness over the stated period. Reviewing balance sheets from multiple years helps in understanding the company's growth, asset management, and debt levels. This is a standard practice in franchise FDDs, as it gives potential investors a clear picture of the franchisor's financial health.
Furthermore, the independent accountant's audit report included in the FDD confirms that the financial statements present fairly the financial position of Aira Fitness as of these dates. This adds credibility to the presented information, as it has been reviewed by an independent third party. A prospective franchisee should carefully examine these balance sheets and the accompanying notes to make an informed investment decision.