Are the Alloy financial statements in Exhibit G audited?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
Attached to this Disclosure Document as Exhibit G are our audited financial statements as of December 31, 2024, 2023, and 2022. Our fiscal year end is December 31.
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.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Alloy Personal Training, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years in the three-year period ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 69)
What This Means (2025 FDD)
According to Alloy's 2025 Franchise Disclosure Document, the financial statements included as Exhibit G are indeed audited. Item 21 of the FDD explicitly states that the financial statements as of December 31, 2024, 2023, and 2022 are audited.
Furthermore, the presence of an Independent Auditor's Report reinforces this. The report details the scope and opinion of the audit conducted on Alloy Personal Training, LLC's financial statements. This report confirms that the financial statements, including balance sheets, statements of operations, and cash flows, have been audited in accordance with generally accepted auditing standards.
For a prospective franchisee, this means that the financial information provided by Alloy has been reviewed by an independent third party, adding a level of credibility and assurance. Franchisees can rely on these statements to gain a clearer understanding of Alloy's financial health and performance over the past three years. It is common practice in the franchise industry for franchisors to provide audited financial statements to ensure transparency and build trust with potential franchisees.