As of what date are Chatime's audited financial statements?

According to Chatime's 2025 Franchise Disclosure Document, the audited financial statements comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations and member's equity (deficit) and cash flows for the years then ended, and the related notes to the financial statements. Citrin Cooperman & Company, LP issued an independent auditor's report with an opinion that the financial statements present fairly the financial position of Chatime Franchise LLC as of December 31, 2024 and 2023.

The report indicates that Chatime's management is responsible for preparing and fairly presenting the financial statements in accordance with accounting principles generally accepted in the United States of America. Management is also responsible for designing, implementing, and maintaining internal controls relevant to preparing financial statements free from material misstatement.

The auditor's responsibility is to obtain reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes their opinion. The auditor's report was issued on April 18, 2025.

Prospective franchisees should review these financial statements and the auditor's opinion carefully to understand Chatime's financial performance and stability. Understanding the company's financial health is crucial for making an informed investment decision.