Does All Dogs Unleashed include all financial statements required by Item 21?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT F TO ADU FRANCHISE LIMITED LIABILITY COMPANY FRANCHISE DISCLOSURE DOCUMENT FINANCIAL STATEMENTS
ALL DOGS UNLEASHED Exhibit F
ADU Franchise limited liability company
Financial Statements As of December 31, 2024 and 2023 and for the years ended December 31, 2024, 2023 and 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
According to the 2025 All Dogs Unleashed Franchise Disclosure Document, Exhibit F includes the company's financial statements. Specifically, the financial statements for ADU Franchise limited liability company are provided as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023 and 2022.
Item 21 of the FDD requires franchisors to provide audited financial statements. These statements typically include balance sheets, income statements, statements of cash flow, and statements of retained earnings. The purpose is to give potential franchisees a clear picture of the franchisor's financial health and stability.
While the FDD receipt confirms the inclusion of financial statements as Exhibit F, it does not explicitly state that these statements are audited. A prospective All Dogs Unleashed franchisee should carefully review Exhibit F and confirm with the franchisor whether the financial statements included have been audited by an independent accounting firm, as required by Item 21. This verification is crucial for assessing the financial viability of All Dogs Unleashed before making any investment decisions.