Where can I find the income statements for Aira Fitness?
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 company includes audited financial statements. Specifically, the document includes Independent Accountant Audit Reports that contain the Balance Sheets as of December 31, 2024, December 31, 2023, and December 31, 2022, along with the related Profit & Loss Statements, Statements of Cashflows, Statements of Shareholders' Equity, and related notes for the twelve-month periods then ended. These statements are prepared in accordance with accounting principles generally accepted in the United States of America.
The audit reports express an opinion on the fairness of the presentation of Aira Fitness's financial position, results of operations, and cash flows for the specified periods. The audits were conducted in accordance with auditing standards generally accepted in the United States of America, ensuring that the audit evidence obtained was sufficient and appropriate to provide a basis for the audit opinion.
The FDD also stipulates that as a franchisee, you will furnish Aira Fitness with monthly profit and loss statements and balance sheets, calendar year-end balance sheets, and annual profit and loss statements for the calendar year reflecting all year-end adjustments. These reporting requirements ensure that Aira Fitness has access to your financial data for oversight and business analysis purposes.