For what fiscal years are Card My Yard's audited financial statements provided in Exhibit E?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit E to this Disclosure Document are our audited financial statements for our fiscal years 2022 and 2023 and our parent's audited financial statements for fiscal year 2024. Our fiscal year ends on December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, Exhibit E contains the company's audited financial statements for the fiscal years 2022 and 2023. Additionally, the document includes the parent company's audited financial statements for the fiscal year 2024. The fiscal year for Card My Yard ends on December 31.
This means that prospective franchisees can review Card My Yard's financial performance over the past few years to gain insight into the company's financial health and stability. Audited financial statements provide an objective and independent assessment of a company's financial position, which can help potential franchisees make informed decisions.
It is important for potential franchisees to carefully review these financial statements and consult with a financial advisor to understand the implications for their investment. Understanding the franchisor's financial performance can help franchisees assess the potential risks and rewards of investing in a Card My Yard franchise.