Where can I find the balance sheets in the Christies International Real Estate financial statements?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent auditors' report | 1 - 2 |
|---|---|
| Financial statements: | |
| Balance sheets | 3 |
| Statement of changes in partners' equity | 4 |
| Statements of cash flows | 5 |
| Notes to financial statements | 6 - 7 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate FDD, the balance sheets can be found on page 3 of the financial statements. The financial statements also include an independent auditor's report, statements of changes in partners' equity, statements of cash flow, and notes to the financial statements.
The balance sheets provide a snapshot of the company's assets, liabilities, and equity at a specific point in time. In the case of Christies International Real Estate, balance sheets are included for December 31, 2024, 2023, and 2022. Reviewing these balance sheets can help a prospective franchisee understand the company's financial structure and stability over the past three years.
Specifically, the balance sheets will show the assets held by Christies International Real Estate, such as cash. For the years 2022, 2023, and 2024, the cash assets were listed as $100,000. The balance sheets also show the total partner's equity for those same years, which was also listed as $100,000.
Understanding where to locate these key financial statements within the FDD is crucial for any potential Christies International Real Estate franchisee. These statements, particularly the balance sheets, offer insights into the financial health and operational history of the company, aiding in a more informed investment decision.