What years are covered in the Canine Dimensions balance sheets?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
I have audited the accompanying financial statements of CANINE DIMENSIONS FRANCHISING LLC, which comprise the balance sheet as of December 31, 2024 and 2023, and the related statements of revenues, expenses, and changes in member's equity and cash flows for the years then ended, and the related notes to the financial statements.
In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CANINE DIMENSIONS FRANCHISING LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions's 2025 Franchise Disclosure Document, the balance sheets included in the financial statements cover the years 2024 and 2023. The FDD includes an independent auditor's report that refers to the financial statements of Canine Dimensions Franchising LLC, which comprise the balance sheet as of December 31, 2024 and 2023.
These audited financial statements provide a snapshot of the company's financial position and performance over those two years. A prospective franchisee can review these statements to assess the company's assets, liabilities, and equity, as well as its revenues, expenses, and cash flows. This information can be valuable in evaluating the financial health and stability of Canine Dimensions.
Furthermore, the inclusion of an independent auditor's report indicates that a qualified professional has examined the financial statements and provided an opinion on their fairness and accuracy. This adds a level of credibility and assurance for potential investors or franchisees. The auditor's report confirms that the financial statements present fairly the financial position of Canine Dimensions as of December 31, 2024 and 2023, in accordance with accounting principles generally accepted in the United States of America.