Are statements of cash flows included in the Antioch Pizza Shop FDD?
Antioch_Pizza_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit D to this Franchise Disclosure Document are (i) our audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022, and the related statements of operations, changes in stockholders' equity, and cash flows for the years then ended.
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to the 2025 Antioch Pizza Shop FDD, the financial statements include statements of cash flows. Specifically, Exhibit D to the Franchise Disclosure Document includes audited balance sheets as of December 31, 2024, 2023, and 2022, along with related statements of operations, changes in stockholders' equity, and cash flows for those years.
An independent auditor has audited these financial statements, including the statements of cash flows. Their opinion confirms that the financial statements present fairly the financial position, results of operations, and cash flows of Wix Franchise, Inc. for the years ending December 31, 2024, 2023, and 2022, in accordance with U.S. accounting principles.
The inclusion of these statements provides prospective Antioch Pizza Shop franchisees with insight into the company's cash management and financial health over the past three years. Reviewing these statements can help potential franchisees understand how Antioch Pizza Shop generates and uses cash, which is crucial for assessing the financial stability of the franchisor. Furthermore, the table of contents lists the statements of cash flow on page 8, allowing for easy navigation within the document.