As of what date are Alloy's audited financial statements included in this FDD?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
(A Limited Liability Company) FOR THE YEARS ENDED DECEMBER 31, 2024, 2023 AND 2022**
Table of Contents
| Independent Auditor's Report | 1 - 2 |
|---|---|
| Financial Statements | |
| Balance sheets | 3 |
| Statements of operations and members' deficit | 4 |
| Statements of cash flows | 5 |
| Notes to financial statements | 6 - 16 |
INDEPENDENT AUDITOR'S REPORT
To the Members Alloy Personal Training, LLC
Opinion
We have audited the accompanying financial statements of Alloy Personal Training, LLC (a limited liability company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations and members' deficit and cash flows for each of the years in the threeyear period ended December 31, 2024, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the independent auditor's report includes audited financial statements as of December 31, 2024, and 2023. The report also covers the statements of operations and members' deficit and cash flows for each of the years in the three-year period ended December 31, 2024.
This means that the FDD provides a franchisee with a three-year financial history of Alloy, audited by an independent firm. Prospective franchisees can review these statements to assess Alloy's financial performance, stability, and trends over time. The balance sheets offer a snapshot of Alloy's assets, liabilities, and equity as of the end of 2024 and 2023.
The inclusion of these audited financial statements helps potential franchisees evaluate the financial health of Alloy before investing in a franchise. Reviewing the statements of operations, members' deficit, and cash flows for the three-year period allows for an analysis of Alloy's profitability, how it manages its equity, and how it generates and uses cash. The auditor's opinion indicates whether the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America.
The auditor's report is dated April 21, 2025, indicating that the audit was completed and the report was issued on that date. This date is important because it signifies the completion of the audit process and the point at which the auditor provided their opinion on the fairness of the financial statements. The FDD including these statements was received on April 21, 2025.