Are statements of cash flow included in the Atwell Suites financial statements?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Management of Holiday Hospitality Franchising, LLC
Opinion
We have audited the accompanying financial statements of Holiday Hospitality Franchising, LLC (the "Company"), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, of member's equity and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as 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 each of the three years in the period ended December 31, 2024 in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements of Holiday Hospitality Franchising, LLC, which include Atwell Suites, comprise balance sheets, statements of operations, member's equity, and cash flows. These statements are for the years 2024 and 2023, with cash flow statements covering each of the three years up to December 31, 2024.
The inclusion of these statements indicates that Atwell Suites provides a comprehensive view of its financial activities. A prospective franchisee can review these statements to understand the company's assets, liabilities, equity, revenues, expenses, and how cash is generated and used.
The independent auditor's report confirms that the financial statements present fairly the financial position, results of operations, and cash flows of Atwell Suites in accordance with generally accepted accounting principles in the United States of America. This provides an additional level of assurance to potential franchisees regarding the reliability of the financial information presented.