What exhibit contains the financial statements for the Chatime franchise?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit A to the Franchise Disclosure Document FINANCIAL STATEMENTS
CHATIME FRANCHISE LLC (A Limited Liability Company) FINANCIAL STATEMENTS YEARS ENDED DECEMBER 31, 2024 AND 2023
Source: Item 21 — Financial Statements (FDD page 58)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the financial statements for Chatime Franchise LLC are found in Exhibit A. This exhibit includes the company's financial statements for the years ended December 31, 2024, and 2023. These statements provide a detailed overview of Chatime's financial performance and position during those years.
Specifically, the financial statements comprise the balance sheets as of December 31, 2024 and 2023, along with the related statements of operations, member's equity (deficit), and cash flows for the corresponding years. Notes to the financial statements are also included, offering additional context and explanations of the figures presented. An independent auditor's report is included, providing an opinion on the fairness and accuracy of the financial statements.
Prospective franchisees should carefully review Exhibit A to understand Chatime's financial health and stability. Analyzing these statements can help potential franchisees assess the risks and opportunities associated with investing in a Chatime franchise. It is common practice for franchisors to include audited financial statements in their FDD, allowing potential franchisees to make informed decisions.