Does Augusta Lawn Care provide audited financial results for its franchisees?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
Notes
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- The above represents the results reported by our franchisees that operated in 2024.
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- These results are unaudited.
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- These results represent sales of products and services similar to those that will be available for a franchisee to sell and/or offer.
4. Some outlets have earned this amount. Your individual results may differ. There is no assurance you'll earn as much.
We recommend that you make your own independent investigation to determine whether or not the franchise may be profitable to you. We strongly suggest that you consult your financial advisor or personal accountant concerning financial projections and federal, state and local income taxes and any other applicable taxes that you may incur in operating a Business.
Written substantiation of the data used in preparing these sales figures will be made available to you upon reasonable request.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 35–38)
What This Means (2025 FDD)
According to Augusta Lawn Care's 2025 Franchise Disclosure Document, the financial performance representations provided are based on unaudited results reported by franchisees. Specifically, the document states that the results from franchisees operating in 2024 are unaudited. This means that the revenue figures presented in Item 19 have not been independently verified by a certified public accountant.
For a prospective Augusta Lawn Care franchisee, this implies a higher degree of due diligence is necessary. Since the financial data is unaudited, it is crucial to independently verify the claims made by the franchisor. The FDD does state that written substantiation of the data used in preparing these sales figures will be made available upon reasonable request. This substantiation could include reviewing the franchisees' submitted reports or other documentation supporting the reported revenues.
It is common practice in the franchise industry for franchisors to provide either audited or unaudited financial performance representations. While audited statements offer a higher level of assurance, unaudited statements are still permissible under the FTC Franchise Rule, provided they have a reasonable basis. Given that Augusta Lawn Care's financial data is unaudited, prospective franchisees should consider consulting with a financial advisor or accountant to thoroughly evaluate the potential profitability of the franchise and to review the supporting documentation provided by Augusta Lawn Care.
In addition to consulting with financial professionals, potential franchisees should consider contacting existing Augusta Lawn Care franchisees to discuss their actual financial performance and experiences. This direct feedback can provide valuable insights that supplement the information provided in Item 19 of the FDD and help in making an informed investment decision.