Does the Caring Transitions FDD include audited financial statements, and if so, for which fiscal years?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 21. FINANCIAL STATEMENTS
Our audited financial statements for the fiscal years ended December 31, 2024, 2023, and 2022 are attached to this disclosure document as Exhibit C.
Our fiscal year ends on December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
Yes, the 2025 Caring Transitions Franchise Disclosure Document includes audited financial statements. According to Item 21, the audited financial statements for the fiscal years ended December 31, 2024, 2023, and 2022 are attached as Exhibit C.
These financial statements provide a detailed overview of Caring Transitions' financial performance over the past three years. A prospective franchisee can use these statements to assess the financial stability and profitability of the franchisor.
The inclusion of audited financial statements is a standard practice in franchising, as it provides potential franchisees with an independent assessment of the franchisor's financial health. The audit is conducted in accordance with generally accepted auditing standards in the United States of America.