Are there financial statements included for Augusta Lawn Care as of December 31, 2022?
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 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to the 2025 Augusta Lawn Care Franchise Disclosure Document, the financial statements of AUGUSTA FRANCHISE LLC include a Balance Sheet as of December 31, 2024, December 31, 2023, and December 31, 2022. The financial statements also include the related Profit & Loss Statements, Statements of Cashflows, Statements of Shareholders' Equity, and related notes for the twelve-month periods then ended.
An independent accountant has audited these financial statements. According to the audit report, the financial statements present fairly, in all material respects, the financial position of Augusta Franchise LLC at December 31, 2024, December 31, 2023, and December 31, 2022. The report also states that the results of its operations and its cash flows for the twelve-month periods then ended are in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should carefully review these audited financial statements and notes to understand Augusta Lawn Care's financial performance, including its revenues, expenses, assets, liabilities, and equity. Understanding the franchisor's financial health is a crucial part of assessing the overall risk and stability of investing in an Augusta Lawn Care franchise. It is advisable to consult with a financial advisor to fully understand the implications of these statements.