Which exhibit contains the Financial Statements of CHOP5 Franchise LLC?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
| The franchise seller(s) involved with the sale of this franchise is/are: | ||||
|---|---|---|---|---|
| Brian Mills; 6011 Brownsboro Park Blvd., Suite F, Louisville, Kentucky 40207; (858) 717-5200 Lauren Wanamaker; 9112 East Verde Grove View Suite 101-E, Scottsdale, AZ 85255; (303) 921-1155 Allen Hertzman; 6011 Brownsboro Park Blvd., Suite F, Louisville, Kentucky 40207; (858) 717-5200 | ||||
| Issuance Date: March 21, 2024 | CHOP5 Franchise LLC's agent to receive service of process is listed in EXHIBIT "A" to this Disclosure Document (for franchise registration states) or EXHIBIT "B" to this Disclosure Document (for all other states). I received a Franchise Disclosure Document that included the following Exhibits: | |||
| EXHIBIT "A" | List of State Administrators and Agents for Service of Process | |||
| EXHIBIT "B" | Agent for Service of Process | |||
| EXHIBIT "C" | Franchise Agreement | |||
| EXHIBIT "D" | Area Development Agreement | |||
| EXHIBIT "E" | Table of Contents of the confidential Brand Standards Manual | |||
| EXHIBIT "F" | List of Franchisees | |||
| EXHIBIT "G" | Financial Statements of CHOP5 Franchise LLC | |||
| EXHIBIT "H" | Other Agreements | |||
| EXHIBIT "H"-1 | State Addenda | |||
| EXHIBIT "H"-2 | Franchisee Disclosure Questionnaire | |||
| EXHIBIT "H"-3 | General Release | |||
| EXHIBIT "I" | State Effective Dates | |||
| EXHIBIT "J" | Receipts Print Name | |||
| Date | (Signature) Prospective Franchise Owner | |||
Source: Item 23 — RECEIPT (FDD pages 50–178)
What This Means (2024 FDD)
According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, the financial statements for CHOP5 Franchise LLC are located in EXHIBIT "G". This exhibit is a crucial part of the FDD as it provides prospective franchisees with an overview of the franchisor's financial health.
Specifically, these financial statements include balance sheets, income statements, and cash flow statements, which are essential for evaluating the financial stability and performance of Chop5 Salad Kitchen. The financial statements are audited, offering an additional level of assurance regarding their accuracy and reliability.
As a prospective franchisee, reviewing Exhibit G is vital to assess the financial risks and potential returns associated with investing in a Chop5 Salad Kitchen franchise. It allows you to make an informed decision based on the franchisor's past financial performance and current financial standing.