Where can I find the audited financial statements for Card My Yard?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
Together with Independent Auditors' Report
Independent Auditors' Report
To the Board of Managers of FS PEP Holdco, LLC
Opinion
We have audited the accompanying consolidated financial statements of FS PEP Holdco, LLC and subsidiaries (collectively,the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, members' equity, and cash flows for the years then ended, and the related notes to consolidated financialstatements.
Inour opinion,the consolidated financialstatementsreferred toabove presentfairly,in allmaterialrespects, the financial position of FSPEP Holdco, LLC and subsidiaries as of December 31, 2024 and 2023, and the results oftheir operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the UnitedStates of America.
Due to the March 2024 acquisition of an entity under common control, CMY Holdco, LLC (Note 2), the historical activity prior to the acquisition of CMY Holdco, LLC and its wholly-owned subsidiary, Card my Yard Franchising, LLC, have been retrospectively combined in the consolidated financial statements of the Company. We did not audit the 2023 financial statements of Card my Yard Franchising, LLC, which statements reflect total assets of
$10,040,671, and total revenues of $3,521,565. Those statements were audited by other auditors, whose report has been furnished to us, and our opinion, insofar as it relates to the amounts included for Card my Yard Franchising, LLCas of December 31, 2023, and for the year then ended,is based solely on the report ofthe other auditors.
Basis for Opinion
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the audited financial statements for FS PEP Holdco, LLC and subsidiaries, which include Card My Yard Franchising, LLC, are included with the Independent Auditors' Report. The consolidated financial statements comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, members' equity, and cash flows for the years then ended, and the related notes to consolidated financial statements.
The Independent Auditors' Report states that the consolidated financial statements present fairly the financial position of FS PEP Holdco, LLC and subsidiaries as of December 31, 2024 and 2023. It also covers the results of their operations and their cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
It is important to note that the 2023 financial statements of Card my Yard Franchising, LLC were audited by other auditors. These statements reflect total assets of $10,040,671 and total revenues of $3,521,565. The current auditors' opinion, insofar as it relates to the amounts included for Card my Yard Franchising, LLC as of December 31, 2023, and for the year then ended, is based solely on the report of the other auditors.