As of what date were C3 Wellness Spa's financial statements audited?

According to the 2024 C3 Wellness Spa Franchise Disclosure Document, the company's financial statements have not been audited. However, management has evaluated subsequent events through April 19, 2024, which was the date the financial statements were available to be issued. The company reported that there were no material recognizable subsequent events that would require adjustment to, or disclosure in, the financial statements.

Because the financial statements have not been audited, prospective franchisees should be aware that the information presented has not been independently verified. This means that the financial data provided by C3 Wellness Spa is based on the company's own records and assessments, which may not have been subjected to external scrutiny.

It is common practice for franchisors to include audited financial statements in their FDDs to provide potential franchisees with a higher level of assurance regarding the franchisor's financial health. The absence of audited statements may raise concerns about the reliability of the financial information provided and suggests that a prospective franchisee should conduct thorough due diligence, including consulting with a financial advisor, to assess the financial stability of C3 Wellness Spa.