Are statements of operations and retained earnings included in Anago's financial statements?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Anago Cleaning Systems, Inc. and Subsidiaries and its subsidiaries, which comprise the consolidated balance sheets as of December 31, 2024, 2023, and 2022, and the related consolidated statements of operations, changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of Anago Cleaning Systems, Inc. and Subsidiaries and its subsidiaries as of December 31, 2024, 2023, and 2022, and the results of their operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the franchisor's consolidated financial statements, which have been audited, include consolidated statements of operations, changes in stockholders' equity, and cash flows for the years ended December 31, 2024, 2023, and 2022. These statements, along with related notes, offer a comprehensive view of Anago's financial performance and position.
Specifically, the independent auditor's report confirms that the financial statements present fairly the financial position of Anago Cleaning Systems, Inc. and Subsidiaries as of December 31, 2024, 2023, and 2022. The auditor's opinion indicates that the statements are prepared in accordance with accounting principles generally accepted in the United States of America.
For a prospective franchisee, this means that Anago provides audited financial statements that include key performance indicators over the past three years. These statements are crucial for assessing the financial health and stability of the franchisor, which is a critical factor in evaluating the franchise opportunity. Reviewing these statements can help potential franchisees understand Anago's revenue trends, profitability, and overall financial management.