What is the latest year for which Aira Fitness provides an audited balance sheet?
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 provides audited balance sheets up to December 31, 2024. The independent accountant's audit report covers the balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022. This information is crucial for prospective franchisees as it offers a glimpse into the company's recent financial health.
The audit report, prepared by an independent accountant, expresses an opinion on the fairness of the presentation of Aira Fitness's financial position for these years. This opinion is based on auditing standards generally accepted in the United States of America. The report also outlines the responsibilities of both the management of Aira Fitness and the auditors in the preparation and audit of these financial statements.
The inclusion of these audited balance sheets provides transparency and allows potential franchisees to assess the financial stability and performance of Aira Fitness over the past three years. Reviewing these statements can help franchisees make informed decisions about investing in an Aira Fitness franchise. It is common practice for franchisors to include audited financial statements in their FDD to provide potential franchisees with a clear picture of the franchisor's financial standing.