Are there financial statements included for Augusta Lawn Care as of December 31, 2024?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
924 W. 75th Street Suite 120 - 189 Naperville, IL 60565 +1 (815) 348-2421 omar@napercpa.com
INDEPENDENT ACCOUNTANT AUDIT REPORT
To the Management of AUGUSTA FRANCHISE LLC
Opinion
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 Augusta Lawn Care's 2025 Franchise Disclosure Document, the document includes audited financial statements. The audit report, prepared by an independent accountant, covers the financial statements of Augusta Franchise LLC, which include the Balance Sheet as of December 31, 2024, December 31, 2023, and December 31, 2022.
These 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. The independent accountant's opinion states that the financial statements present fairly the financial position of Augusta Franchise LLC as of the specified dates and the results of its operations and cash flows for the twelve-month periods then ended, in accordance with accounting principles generally accepted in the United States of America.
This comprehensive audit provides prospective franchisees with an overview of Augusta Lawn Care's financial health over the past three years. Reviewing these statements can help potential franchisees assess the company's financial stability and performance before investing in a franchise. It is common practice for franchisors to include audited financial statements in their FDD to provide transparency and build trust with potential franchisees.