According to the 2025 Capriottis Sandwich Shop FDD, the Consolidated Balance Sheets can be found in Item 21, which is dedicated to the financial statements of the company. Item 21 includes the Consolidated Balance Sheets, along with related financial statements such as the Consolidated Statements of Operations and notes. These financial statements provide a comprehensive overview of Capriottis Sandwich Shop's financial performance and position.

Specifically, the FDD includes the Independent Auditor's Report, which contains the consolidated balance sheets as of December 29, 2024, and December 31, 2023, along with the consolidated statements of operations, stockholders' deficit, and cash flows for the years then ended, and the related notes to the consolidated financial statements. These statements are audited by an independent auditor, BDO, and are presented in accordance with accounting principles generally accepted in the United States of America.

Item 21 also includes additional information such as the nature of Capriottis Sandwich Shop's business, significant accounting policies, and notes to the consolidated financial statements. This information is crucial for prospective franchisees to understand the financial health and operational practices of Capriottis Sandwich Shop. Reviewing these statements and notes can help potential franchisees assess the financial stability and performance of the company before making an investment decision.