For Cd One Price Cleaners, what periods are covered by the audited balance sheets?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
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 comprise the periods ending December 27, 2024, and December 29, 2023. The financial statements include the balance sheets as of these dates, along with related statements of members' equity, income, and cash flows for the years then ended, and the related notes to the financial statements.
This means that prospective franchisees reviewing the 2025 FDD can examine Cd One Price Cleaners' financial performance and position for these specific periods. The independent auditor's report included in the FDD expresses an opinion on the fairness of the presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America.
Reviewing these audited balance sheets is a standard practice in franchise evaluation, allowing potential franchisees to assess the financial health and stability of Cd One Price Cleaners. It provides insights into the company's assets, liabilities, equity, income, and cash flow trends over the two-year period, aiding in informed decision-making.