What financial statements of All County are included in the audit report?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
Management Franchise Corp.**
Financial Statements December 31, 2024, 2023, & 2022, and Independent Auditor's Report
All County Property Management Franchise Corp. TABLE OF CONTENTS
As of, and for the Years Ended, December 31, 2024, 2023, & 2022
| Independent Auditor's Report on the Financial Statements | 1 |
|---|---|
| Balance | 2 |
| Sheets: December | |
| 31, | |
| 2024, 2023, & 2022 | |
| Statements | 3 |
| of | |
| Income: | |
| years | |
| ended | |
| December | |
| 31, | |
| 2024, 2023, & 2022«««««««««««««««««««««««« | |
| 6tDtePents oI 6toFNKoOders' (Tuit\ 'eIiFit \eDrs ended 'eFePEer 2024, 2023, & | 4 |
| 2022«««««««««««««««««««««««« | |
| Statements | 5 |
| of |
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the audit report includes several financial statements. Specifically, the audit report encompasses the balance sheets as of December 31 for the years 2024, 2023, and 2022. Additionally, it incorporates the statements of income, statements of stockholders' equity (deficit), and statements of cash flows for the years ending on those same dates. These statements, along with the related notes, provide a comprehensive view of All County's financial performance and position over the three-year period.
The inclusion of these financial statements in the audit report is standard practice, as it allows for a thorough examination of All County's financial health. The balance sheets provide a snapshot of the company's assets, liabilities, and equity at a specific point in time. The income statements reveal the company's revenues, expenses, and profits over a period of time. The statements of cash flows illustrate the movement of cash both into and out of the company. Finally, the statement of stockholder's equity (deficit) shows changes in the ownership value of the company over the stated period.
For a prospective All County franchisee, this information is crucial for evaluating the financial stability and performance of the franchisor. Reviewing these audited financial statements can help potential franchisees assess the risks and opportunities associated with investing in an All County franchise. It is important to carefully examine the trends in revenue, expenses, and profitability, as well as the company's cash flow and debt levels. Consulting with a financial advisor or accountant is recommended to fully understand the implications of these financial statements.