For what periods are the audited balance sheets provided for Cd One Price Cleaners?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
Members Cleaners Depot Franchise, LLC Oakbrook Terrace, Illinois
We have audited the accompanying financial statements of Cleaners Depot Franchise, LLC which comprise the balance sheet as of December 27, 2024 and December 29, 2023, and the related statements of members' equity, income, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Cleaners Depot Franchise, LLC as of December 27, 2024 and December 29, 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — Financial Statements (FDD page 72)
What This Means (2025 FDD)
According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, the audited balance sheets are provided for December 27, 2024, and December 29, 2023. These balance sheets are part of the audited financial statements of Cleaners Depot Franchise, LLC. The financial statements also include statements of members' equity, income, and cash flows for the years then ended, along with related notes.
The independent auditor's report indicates that the financial statements present fairly the financial position of Cleaners Depot Franchise, LLC as of these dates. This assessment is based on generally accepted accounting principles in the United States of America. The auditor's report also outlines the responsibilities of both the management and the auditor in preparing and auditing these financial statements.
Prospective franchisees should review these audited financial statements carefully to understand the financial health and performance of Cd One Price Cleaners. Understanding the company's financial position as of these dates can help franchisees assess the stability and potential risks associated with investing in a Cd One Price Cleaners franchise. Additionally, reviewing the notes to the financial statements can provide further insights into the company's accounting practices and any significant financial matters.