In which exhibit of the Chem Dry Franchise Disclosure Document are the financial statements located?
Chem_Dry Franchise · 2024 FDDAnswer from 2024 FDD Document
I received a Disclosure Document from Chem-Dry, Inc. dated as of March 29, 2024 that included the following Exhibits:
Signature of Officer Printed Name and Title If an entity - Name of entity: Date Received Date Received E. List of Franchisees Manual D. Table of Contents of Operating I. Franchisee Disclosure Questionnaire C. Business Note G. H. State Addenda to the FDD B. Franchise Agreement and Other Financial Statements with Guaranty of Agreements Performance A List of Agents/State Agencies F. List of Former Franchisees
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 68)
What This Means (2024 FDD)
According to the 2024 Chem Dry Franchise Disclosure Document, the financial statements, along with the Guaranty of Agreements Performance, are located in Exhibit B. This exhibit is a crucial part of the FDD as it provides insight into the financial health and stability of Chem Dry.
Prospective franchisees should carefully review Exhibit B to assess Chem Dry's financial performance over the past few years. Analyzing these statements can help potential franchisees understand the company's revenue, expenses, profits, and overall financial position. This information is vital for making an informed decision about investing in a Chem Dry franchise.
Understanding the Guaranty of Agreements Performance, which is included in Exhibit B, is also essential. This guarantee may outline the franchisor's commitment to fulfilling its obligations and providing support to franchisees. Reviewing this aspect can provide reassurance and clarity regarding the franchisor's responsibilities and the protection offered to franchisees.