What financial statement is included in Exhibit D for Care Plus Medical Ucc?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
| We have not been in business for three years or more, and therefore cannot include | |
|---|---|
| all financial statements required by the Franchise Rule of the Federal Trade Commission. | |
| Exhibit D contains our audited opening balance sheet dated December 31, 2023. Our fiscal year | |
| end is December 31. |
Source: Item 23 — RECEIPTS (FDD pages 41–119)
What This Means (2024 FDD)
According to Care Plus Medical Ucc's 2024 Franchise Disclosure Document, Exhibit D contains the company's audited opening balance sheet dated December 31, 2023. The document states that Care Plus Medical Ucc has not been in business for three years or more, and therefore cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. The company's fiscal year end is December 31.
Because Care Plus Medical Ucc has been in business for less than three years, the FDD does not include the full range of financial statements typically required. This means prospective franchisees have less historical financial data to review when assessing the financial stability and performance of the franchisor.
It is important for potential franchisees to carefully review the provided balance sheet and understand the implications of the limited financial history. They should consider consulting with a financial advisor to assess the risks and opportunities associated with investing in a newer franchise system like Care Plus Medical Ucc. Further due diligence, including direct conversations with existing franchisees, is highly recommended to gather additional insights into the company's financial health and operational performance.