What is the earliest year for which Aira Fitness provides an audited balance sheet?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
- 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, 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.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits.
Source: Item 21 — **FINANCIAL STATEMENTS (FDD pages 58–59)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the company provides audited balance sheets dating back to December 31, 2022. These balance sheets are part of a larger set of financial statements that include profit and loss statements, cash flow statements, statements of shareholders' equity, and related notes, all audited by an independent accountant.
The inclusion of several years of audited financial statements is a positive sign for prospective franchisees. It allows them to review the financial performance and position of Aira Fitness over time, identify trends, and assess the company's financial stability. This information is crucial for making an informed investment decision.
The audit reports included in the FDD confirm that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This provides an additional level of assurance to potential franchisees, as the financial statements have been reviewed and verified by an independent third party. The audit was conducted following generally accepted auditing standards, ensuring that the audit evidence obtained was sufficient and appropriate to support the auditor's opinion.