What is the auditor's opinion regarding the financial statements of Augusta Lawn Care?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of AUGUSTA FRANCHISE LLC (the "Company"), which comprise the Balance Sheet as of December 31, 2024 & December 31, 2023 & December 31, 2022, the related Profit & Loss Statements, the related Statements of Cashflows, the related Statements of Shareholders' Equity, and the related notes for the twelve-month periods then ended. (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 at December 31, 2024 & December 31, 2023 & December 31, 2022, and the results of its operations and its cash flows for the twelve-month periods then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 44–184)
What This Means (2025 FDD)
According to the 2025 FDD, the independent accountant's audit report states their opinion on the financial statements of Augusta Franchise LLC. The auditor, Naperville CPA, audited the company's balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022, along with the related profit and loss statements, statements of cash flows, statements of shareholders' equity, and related notes for the twelve-month periods then ended.
The auditor's opinion is that the accompanying financial statements present fairly, in all material respects, the financial position of Augusta Franchise LLC as of December 31, 2024, December 31, 2023, and December 31, 2022. They also believe the financial statements accurately reflect the results of its operations and its cash flows for the twelve-month periods then ended, in accordance with accounting principles generally accepted in the United States of America.
This "clean" or unqualified opinion is a positive indicator for prospective franchisees. It suggests that the financial statements of Augusta Lawn Care are reliable and transparent, based on the auditor's professional assessment. This provides a level of confidence that the financial information presented by the franchisor accurately reflects its financial condition and performance.