What period does the unaudited profit and loss statement cover for Caring Senior Service?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit F, are the following financial statements:
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- Our unaudited balance sheet as of March 31, 2025 and our profit and loss statement for the period beginning January 1, 2025 through March 31, 2025; and
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- Our audited balance sheets as of December 31, 2024, 2023, and 2022, and the related statements of operations, change in partners' capital, and cash flows for the years then-ended.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the unaudited profit and loss statement covers the period from January 1, 2025, through March 31, 2025. This provides a snapshot of the company's financial performance for the first three months of the year.
As the statement is unaudited, it's important to note that the figures have not been verified by an independent accounting firm. While unaudited statements can provide a general overview, prospective franchisees should exercise caution and consider this when evaluating the financial health of Caring Senior Service.
In addition to the unaudited statement, the FDD includes audited balance sheets for the years 2022, 2023, and 2024, offering a more comprehensive historical financial perspective. Reviewing both the unaudited and audited statements can help potential franchisees gain a better understanding of Caring Senior Service's financial trends and stability.