Does the Apricot Lane FDD include a statement of cash flows for COUNTRY VISIONS?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Stockholders Country Visions, Inc. Fairfield, CA
Opinion
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.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
Yes, the 2025 Apricot Lane FDD includes a statement of cash flows for Country Visions, Inc. According to the Independent Auditors' Report, the audited financial statements of Country Visions, Inc. include the balance sheets as of December 31, 2024 and 2023, 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.
This means that the FDD provides a detailed look into the financial health and performance of the franchisor, Country Visions, Inc. The statement of cash flows specifically outlines the movement of cash both into and out of the company over the stated period, offering insight into its operational, investing, and financing activities. This information is crucial for prospective franchisees to assess the financial stability and viability of the franchisor before making an investment.
The inclusion of these audited financial statements, along with the independent auditor's opinion, suggests a commitment to transparency and adherence to accounting principles generally accepted in the United States. A prospective franchisee can use this information, along with other sections of the FDD, to make an informed decision about investing in an Apricot Lane franchise. Reviewing these statements can help in understanding the franchisor's revenue streams, expenses, and overall financial management practices.