What is the name of the company whose financial statements are included in the Apricot Lane Disclosure Document?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to the 2025 Apricot Lane Franchise Disclosure Document, the financial statements included are those of Country Visions, Inc. This is significant for prospective franchisees as it clarifies that Country Visions, Inc. is the entity responsible for the financial performance and obligations detailed in the financial statements.
Country Visions, Inc. is identified as the company that markets franchises for Apricot Lane Boutique. The financial statements provide insights into the franchisor's financial health, including their assets, liabilities, equity, income, and cash flows. These statements are audited by an independent auditor, providing an additional layer of assurance regarding their accuracy and reliability.
Understanding the financial standing of Country Visions, Inc. is crucial for potential Apricot Lane franchisees. It helps them assess the stability and resources of the franchisor, which can impact the support and services they receive. Reviewing these financial statements, along with the auditor's report, is a standard practice in franchise due diligence, allowing franchisees to make informed decisions about their investment.