What is the date of the auditor's report for Capriottis Sandwich Shop?
Capriottis_Sandwich_Shop Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Capriotti's Sandwich Shop, Inc. and its subsidiaries (the Company), which comprise the consolidated balance sheets as of December 29, 2024 and December 31, 2023, and the related consolidated statements of operations, stockholders' deficit, and cash flows for the years then ended, and the related notes to the consolidated financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to the 2025 FDD, the Independent Auditor's Report for Capriotti's Sandwich Shop covers the consolidated balance sheets as of December 29, 2024, and December 31, 2023. The report also includes the consolidated statements of operations, stockholders' deficit, and cash flows for the years then ended, along with related notes to the consolidated financial statements.
This means that the auditor, BDO, has examined the financial statements of Capriotti's Sandwich Shop and its subsidiaries for these specific dates and has provided an opinion on their fairness and accuracy. The audit was conducted following generally accepted auditing standards in the United States of America.
Prospective franchisees should pay close attention to these audited financial statements, as they provide an overview of the financial health and performance of Capriotti's Sandwich Shop. Reviewing these statements can help potential franchisees assess the company's profitability, solvency, and overall financial stability before making a decision to invest in a franchise.