Does Exhibit G for All Team include unaudited financial statements under certain circumstances?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this franchise disclosure document as Exhibit F:
Our audited financial statements for the year ending December 31, 2022, December 31, 2023, and December 31, 2024, are attached to this franchise disclosure document as Exhibit G. Unaudited financial statements will be included in Exhibit G if required.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 33)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, Exhibit G may contain unaudited financial statements under certain circumstances. While the document includes audited financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024, it specifies that unaudited financial statements will be included in Exhibit G if required.
This means that prospective All Team franchisees should be aware that the financial information provided may not always be audited. Audited financial statements provide a higher level of assurance regarding their accuracy and reliability, as they have been reviewed by an independent auditor. Unaudited statements, while still providing financial information, have not undergone the same level of scrutiny.
For a potential All Team franchisee, it's important to understand the circumstances under which unaudited financial statements might be presented. If unaudited statements are included, it would be prudent to carefully review them and potentially seek advice from a financial professional to assess the financial health of the company. Understanding the difference between audited and unaudited statements is crucial for making an informed investment decision.