What years are covered in the Apricot Lane statement of income?
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.
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 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the independent auditor's report indicates that the financial statements include statements of income for the years ending December 31, 2024, and 2023. This means the provided financial overview allows a prospective franchisee to review the brand's financial performance over those two years.
This information is crucial for potential franchisees as it offers insight into the financial stability and performance trends of Apricot Lane. By examining these statements, franchisees can assess revenue, expenses, and profitability, which aids in evaluating the overall health of the franchise system.
It is important to note that while the FDD includes these past financial statements, future performance may vary. A prospective franchisee should consider these statements as part of a broader due diligence process, which includes consulting with financial advisors and current franchisees to gain a comprehensive understanding of the potential risks and rewards associated with investing in an Apricot Lane franchise.