What is the period covered by All Team's financial statements?

According to All Team's 2025 Franchise Disclosure Document, the audited financial statements included cover the years ending December 31, 2023, and December 31, 2024. The balance sheets within these statements provide a snapshot of All Team's financial position as of December 31, 2024, and December 31, 2023. The statements of operations, changes in stockholder's equity, and cash flows detail the company's financial activities for those same two years.

These financial statements offer prospective franchisees insight into All Team's recent financial performance and stability. Reviewing these statements can help potential franchisees assess the franchisor's profitability, cash flow management, and overall financial health. It is important to note that while these statements are audited, the auditors' report explicitly states that reasonable assurance is not absolute and does not guarantee the detection of all material misstatements.

Furthermore, the financial statements include notes that provide additional context and details on specific aspects of All Team's financial situation. For example, Note 5 discusses income taxes, noting that All Team is treated as an S Corporation for income tax purposes, meaning the company's income is included in the shareholder's individual income tax return. Note 10 details operating lease obligations, specifying a fixed rent expense of $72,893. Note 11 outlines related party transactions, indicating advances to companies owned primarily by the stockholder, with outstanding balances of $1,526,254 and $1,091,453 for the years ended December 31, 2024 and 2023, respectively. Note 12 mentions a gain contingency related to employee retention credits, with $49,780 received in 2024 and remaining credits pending approval. Note 13 states that subsequent events were evaluated through March 24, 2025, the date the financial statements were available to be issued.

Prospective franchisees should carefully examine these audited financial statements and accompanying notes, ideally with the assistance of a financial advisor, to gain a comprehensive understanding of All Team's financial condition. Understanding the franchisor's financial health is a crucial step in evaluating the overall risk and potential rewards of investing in an All Team franchise.