What years are covered by the audited financial statements for Alloy included in this FDD?
Alloy Franchise · 2025 FDDAnswer from 2025 FDD Document
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 audited financial statements included cover a three-year period. Specifically, the balance sheets are as of December 31, 2024, and 2023. The statements of operations, members' deficit, and cash flows are for each of the years in the three-year period ending December 31, 2024. This means the income statement, equity statement, and cash flow statement will cover 2022, 2023, and 2024.
For a prospective franchisee, this information is crucial as it provides a view into Alloy's recent financial performance. Reviewing these statements allows potential franchisees to assess the financial stability and profitability trends of Alloy. This helps in making an informed decision about investing in an Alloy franchise.
The auditor's report expresses an opinion on the fairness of Alloy's financial statements as of December 31, 2024 and 2023, and for each of the years in the three-year period ended December 31, 2024. The audit was conducted according to generally accepted auditing standards in the United States of America. This indicates that Alloy's financial statements have been examined by an independent auditor, providing a level of assurance about their reliability.
The financial statements include balance sheets as of the end of 2023 and 2024, as well as statements of operations, changes in equity, and cash flows for each of the three years through the end of 2024. This comprehensive presentation allows potential franchisees to analyze Alloy's financial performance, position, and cash flows over the stated period.