For Cd One Price Cleaners, what periods are covered by the statements of members' equity?
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 statements of members' equity cover the years ending December 27, 2024, and December 29, 2023. This information is derived from the independent auditor's report included in the FDD.
The auditor's report indicates that they audited the financial statements of Cleaners Depot Franchise, LLC, which include the balance sheet as of December 27, 2024, and December 29, 2023. The audit also covered the related statements of members' equity, income, and cash flows for the years then ended. This means the financial statements provide a view of the company's financial position and performance over those two specific years.
For a prospective Cd One Price Cleaners franchisee, this information is useful for understanding the franchisor's financial reporting practices and the periods for which financial data is available. Reviewing these statements can provide insights into the franchisor's financial stability and historical performance, which can be a factor in evaluating the franchise opportunity.