Are the financial statements for Apricot Lane itself included, or are they 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 of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
According to the 2025 Apricot Lane FDD, the financial statements provided are for Country Visions, Inc., the franchisor. This is explicitly stated in the Independent Auditors' Report, which addresses the Board of Directors and Stockholders of Country Visions, Inc. and confirms that the auditors have audited the financial statements of Country Visions, Inc.
This means that the financial performance reflected in the statements pertains to the overall operations of the franchising company, Country Visions, Inc., and not to the performance of individual Apricot Lane franchise locations. The financial statements include balance sheets as of December 31, 2024 and 2023, along with related statements of income, changes in stockholders' equity, and cash flows for the years then ended.
A prospective Apricot Lane franchisee should understand that these financial statements provide insight into the franchisor's financial health and stability, rather than the potential profitability of an individual franchise. To assess the potential financial performance of an Apricot Lane franchise, a prospective franchisee should carefully review Item 19, which contains financial performance representations based on a subset of franchised stores, and request the written substantiation for these representations.