factual

For what years are the audited financial statements of Chop5 Salad Kitchen included in this FDD?

Chop5_Salad_Kitchen Franchise · 2024 FDD

Answer 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)

According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, the audited financial statements included are for the fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021. This means that prospective franchisees can review Chop5 Salad Kitchen's financial performance over these three years to assess the company's financial health and stability.

The inclusion of these audited financial statements is a standard practice in franchising, allowing potential franchisees to make informed decisions. By examining these statements, franchisees can gain insights into the company's revenues, expenses, assets, and liabilities. This information can be crucial in evaluating the potential risks and rewards associated with investing in a Chop5 Salad Kitchen franchise.

It is important for prospective franchisees to carefully review these financial statements and consult with a financial advisor or accountant to fully understand their implications. Analyzing the trends and patterns in the financial data can provide valuable information about Chop5 Salad Kitchen's performance and future prospects. This due diligence is essential for making a well-informed investment decision.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.