What statements of cash flows are included in the financial statements for Cd One Price Cleaners?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
- 6 | | Statement of Cash Flows | 7 - 8 | | Notes to the Financial Statements | 9 - 17 |
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.
Source: Item 21 — Financial Statements (FDD page 72)
What This Means (2025 FDD)
According to Cd One Price Cleaners' 2025 Franchise Disclosure Document, the franchisor includes statements of cash flows as part of their audited financial statements. Specifically, the independent auditor's report indicates that the audit encompasses the balance sheet as of December 27, 2024, and December 29, 2023, along with related statements of members' equity, income, and cash flows for the years then ended. This inclusion of cash flow statements provides insight into how Cd One Price Cleaners generates and uses cash, which is crucial for assessing its financial health.
Furthermore, franchisees are also required to provide Cd One Price Cleaners with financial statements showing the results of operations of their store. These statements must include an income statement, a balance sheet, and a statement of cash flows. This comprehensive reporting requirement ensures that the franchisor receives a detailed financial overview of each franchise location.
The franchisor requires franchisees to submit these financial statements monthly and annually. Monthly statements are due within fifteen days after the end of each fiscal month, while annual statements must be submitted within sixty days after the end of each fiscal year. This regular reporting allows Cd One Price Cleaners to monitor the financial performance of its franchise network and identify any potential issues early on.