Are there any disclaimers related to the C3 Wellness Spa financial statements?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
The financial information was not prepared on a basis consistent with generally accepted accounting principles. Data for our Company Owned Outlets is based on information reported to us by our affiliate. During the 2023 Calendar Year we did not have any New Franchise Outlets or Operational Franchise Outlets. The information in this analysis has not been audited, is based on historical financial data and is not a forecast or projection of future financial performance.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, there are several disclaimers regarding the financial information provided. The financial information was not prepared following generally accepted accounting principles. The data for Company Owned Outlets is based on information reported to C3 Wellness Spa by their affiliate.
During the 2023 calendar year, C3 Wellness Spa did not have any New Franchise Outlets or Operational Franchise Outlets. The franchisor states that the information provided has not been audited and is based on historical financial data.
Importantly, C3 Wellness Spa emphasizes that the financial information provided is not a forecast or projection of future financial performance. Prospective franchisees should consider these disclaimers carefully and understand the limitations of the financial information provided when evaluating the C3 Wellness Spa franchise opportunity.