Does the Aplus FDD include any footnotes to the financial statements?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
| A. APLUS Franchise Agreement with Attachments | G. Manual Table of Contents |
|---|---|
| B. Development Agreement | H. Financial Statements |
| C. List of Current and Former Franchisees | I. State Specific Addenda |
| D. List of State Administrators | J. State Effective Dates |
| E. List of Agents for Service of Process | K. Receipt |
| F. Franchise Disclosure Questionnaire |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 68)
What This Means (2024 FDD)
According to the 2024 Aplus Franchise Disclosure Document, Item 22 lists the contracts included in the FDD. One of the listed contracts is "Financial Statements." However, it does not specify whether these financial statements contain footnotes.
As the FDD includes financial statements, it is typical for such statements to include footnotes that provide additional context and details about the figures presented. These footnotes can clarify accounting policies, explain specific line items, and disclose contingent liabilities or other relevant information.
A prospective Aplus franchisee should carefully review Item 21 in the FDD, which contains the financial statements, to determine if footnotes are included. If the financial statements do not have footnotes, it is advisable to ask Aplus for more detailed financial information and clarification on any aspects of the financial statements that are unclear.