On what date was the opinion issued regarding All County's financial statements?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, 2023, & 2022, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America
Joe Teston CPA Advisors St. Petersburg, Florida January 28, 2025
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the opinion on All County's financial statements was issued on January 28, 2025. This opinion is provided by Joe Teston CPA Advisors, located in St. Petersburg, Florida.
The financial statements audited cover the periods ending December 31, 2024, 2023, and 2022. These statements include balance sheets, income statements, statements of stockholders' equity, and cash flow statements for those years. The auditor's report confirms that the financial statements present fairly the financial position, results of operations, and cash flows of All County in accordance with accounting principles generally accepted in the United States of America.
For a prospective franchisee, this date is important because it indicates how current the financial information is. Older financial statements may not accurately reflect the current financial health of All County. The auditor's opinion provides a level of assurance that the financial statements are presented fairly, which can help a potential franchisee make an informed investment decision. It is standard practice for franchisors to include audited financial statements in their FDD, providing transparency and building trust with potential franchisees.