On what date was the auditor's report for Chop5 Salad Kitchen issued?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the accompanying balance sheets of CHOP5 Franchise LLC as of December 31, 2023, and 2022 and the related statements of operations, member equity and cash flows for the years ended December 31, 2023, 2022, and 2021, and the notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CHOP5 Franchise LLC as of December 31, 2023, and 2022 and the results of their operations and their cash flows for the years ended December 31, 2023, 2022, and 2021 in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPT (FDD pages 50–178)
What This Means (2024 FDD)
Based on the 2024 Chop5 Salad Kitchen Franchise Disclosure Document, the auditor's report reviewed the company's balance sheets as of December 31, 2023, and 2022, along with statements of operations, member equity, and cash flows for the years ending December 31, 2023, 2022, and 2021. The report itself does not explicitly state the date it was issued.
Prospective franchisees should note that while the FDD includes an independent auditor's report, the exact date of the report's issuance is not provided. This information is crucial for assessing the timeliness and relevance of the financial data presented.
To gain a comprehensive understanding of Chop5 Salad Kitchen's financial health, it is advisable for potential franchisees to request the specific issuance date of the auditor's report from the franchisor. This will help in determining how current the financial information is and whether there have been any significant changes since the audit was conducted.