Are the financial statements for Angry Chickz audited?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
Our audited financial statements as of December 31, 2024 and December 31, 2023 are attached as Exhibit G. Our fiscal year end is December 31. Exhibit G also includes our unaudited financial statements as of March 31, 2025.
Because we have not been in business for three years, we are not able to include the three prior years of audited financial statements normally required by this Item 21.
Exhibit G
Financial Statements
Report of Independent Auditors and Financial Statements
Angry Chickz Franchising, LLC
December 31, 2024 and 2023
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, the company includes audited financial statements. The financial statements as of December 31, 2024, and December 31, 2023, are audited and attached as Exhibit G. The FDD also includes unaudited financial statements as of March 31, 2025.
The Report of Independent Auditors states that they have audited the financial statements of Angry Chickz Franchising, LLC, which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations and member's deficit, and cash flows for the year ended December 31, 2024 and for the period from June 9, 2023 (inception) to December 31, 2023, and the related notes to the financial statements.
The inclusion of audited financial statements can provide prospective franchisees with a higher degree of confidence in the financial health and stability of Angry Chickz. However, because Angry Chickz has not been in business for three years, the FDD does not include the three prior years of audited financial statements normally required. Prospective franchisees should carefully review the audited financial statements and consider seeking professional financial advice to fully understand the implications for their investment.