As of what dates are the balance sheets presented in the Apricot Lane financial statements?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Country Visions, Inc. (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income, changes in stockholders' equity, and cash flows for the year then ended, and the related notes to the financial statements.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the company's financial statements include balance sheets as of December 31, 2024, and December 31, 2023. These balance sheets provide a snapshot of the company's assets, liabilities, and equity at the close of each of those years.
The inclusion of balance sheets for two consecutive years allows for a comparative analysis of Apricot Lane's financial position. Prospective franchisees can review these statements to identify trends, assess the company's financial stability, and understand how the business has performed over the recent past. This information is crucial for evaluating the overall financial health of the franchisor.
It is important for potential Apricot Lane franchisees to carefully examine these balance sheets, along with the other financial statements and notes, to gain a comprehensive understanding of the company's financial condition. Consulting with a financial advisor or accountant is advisable to properly interpret the data and assess the financial risks and opportunities associated with investing in an Apricot Lane franchise.