What exhibit contains the financial statements for Casa De Corazon?
Casa_De_Corazon Franchise · 2025 FDDAnswer from 2025 FDD Document
THE FINANCIAL STATEMENTS AS OF, AND FOR THE PERIOD ENDED, MARCH 31, 2025 ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED AN OPINION WITH REGARD TO THE CONTENT OR FORM.
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Casa Franchising, LLC Balance Sheet
As of February 28, 2025
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
According to the 2025 Casa De Corazon FDD, the financial statements as of and for the period ended March 31, 2025, are prepared without an audit. The FDD advises prospective franchisees or sellers of franchises that no certified public accountant has audited these figures or expressed an opinion regarding their content or form. The balance sheet for Casa Franchising, LLC as of February 28, 2025, is also included.
While the FDD includes financial statements, it does not explicitly state which exhibit contains these statements. Item 22 discusses various exhibits such as Exhibit A (state-specific addenda), Exhibit F (Franchise Agreement), Exhibit G (Development Agreement), Exhibit I (Franchisee Questionnaire), and Exhibit D (list of franchisees). However, it does not mention an exhibit containing the financial statements.
A prospective franchisee should ask Casa De Corazon directly which exhibit contains the financial statements to ensure they review the company's financial health and stability before making a decision. This is a crucial step in the due diligence process.