Does the Chop5 Salad Kitchen FDD include financial statements for the year 2023?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
Our fiscal year ends on December 31st. Audited financial statements of CHOP5 Franchise LLC for the fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021 are attached to this Disclosure Document as EXHIBIT "G".
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2024 FDD)
Yes, the 2024 Chop5 Salad Kitchen FDD includes audited financial statements for the fiscal year ended December 31, 2023. The financial statements also include data for the years ended December 31, 2022, and December 31, 2021. These audited financial statements for Chop5 Franchise LLC are attached as EXHIBIT "G" to the Disclosure Document.
The inclusion of these financial statements allows prospective franchisees to review the financial health and performance of Chop5 Salad Kitchen over the past three years. This information is crucial for assessing the franchisor's stability and ability to support its franchisees.
Specifically, the auditor's report indicates that the financial statements present fairly the financial position, results of operations, and cash flows of Chop5 Franchise LLC for the years 2023, 2022, and 2021, in accordance with accounting principles generally accepted in the United States of America. This provides a level of assurance regarding the accuracy and reliability of the financial information presented.