Does the Care Plus Medical Ucc disclosure document include financial statements?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: March 13, 2024
I received a disclosure document that included the following Exhibits:
- A. State Addenda to Disclosure Document
- B. Franchise Agreement (with State Addenda to Agreements, Guaranty and Non-Compete Agreement, Rider to Lease Agreement, and Form of General Release)
- C. Multi-Unit Development Agreement
- D. Item 21 Financial Statements
- E. State Administrators and Agents for Service of Process
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
Yes, according to the 2024 Care Plus Medical Ucc Franchise Disclosure Document, the disclosure document includes financial statements. Specifically, Exhibits to the disclosure document include Item 21 Financial Statements.
Item 21 of the FDD typically contains the franchisor's audited financial statements for the past three years. These statements provide a detailed look at the franchisor's financial health, including their revenues, expenses, assets, and liabilities. Reviewing these statements is a crucial step in evaluating the financial stability of Care Plus Medical Ucc and its ability to support its franchisees.
Prospective franchisees should carefully examine these financial statements and consult with a financial advisor to understand the franchisor's financial performance and assess the risks associated with investing in a Care Plus Medical Ucc franchise. This will help them make an informed decision about whether to proceed with the franchise opportunity.