Are the financial statements of Anago's wholly-owned subsidiary included?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
The accompanying consolidated financial statements include the accounts of Anago Cleaning Systems, Inc., Anago Franchising, Inc., Anago Direct Marketing, Inc., APLR, Inc., CCTD, Inc. and PBTR, Inc., (the consolidated group referred to as the "Company").
In January 2023 the Company acquired EHLB, Inc. dba Anago of Las Vegas which is included in the consolidated financial statements during the year ended December 31, 2023. In November 2024, the Company sold the territory held by EHLB, Inc. dba Anago of Las Vegas.
The intercompany accounts of the Company have been eliminated.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the company's consolidated financial statements include the accounts of Anago Cleaning Systems, Inc., Anago Franchising, Inc., Anago Direct Marketing, Inc., APLR, Inc., CCTD, Inc. and PBTR, Inc. which are referred to as the "Company".
In January 2023, Anago acquired EHLB, Inc. dba Anago of Las Vegas, which was included in the consolidated financial statements for the year ended December 31, 2023. However, in November 2024, Anago sold the territory held by EHLB, Inc. dba Anago of Las Vegas. The intercompany accounts of Anago have been eliminated in these consolidated statements.
These consolidated financial statements provide a comprehensive view of Anago's financial performance, incorporating the financial results of its subsidiaries and eliminating intercompany transactions to present a clear picture of the overall financial health of the Anago franchise system. The inclusion of these subsidiaries in the consolidated statements offers transparency to potential franchisees, allowing them to assess the financial stability and performance of the entire organization.