What exhibit contains the audited financial statements for Cinch I.T.?
Cinch_I_T Franchise · 2024 FDDAnswer from 2024 FDD Document
EXHIBIT B TO THE DISCLOSURE DOCUMENT CINCH FRANCHISE, LLC FINANCIAL STATEMENTS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 60)
What This Means (2024 FDD)
According to Cinch I.T.'s 2024 Franchise Disclosure Document, the audited financial statements for Cinch Franchise, LLC are found in Exhibit B. This exhibit is specifically titled "EXHIBIT B TO THE DISCLOSURE DOCUMENT CINCH FRANCHISE, LLC FINANCIAL STATEMENTS."
As a prospective franchisee, reviewing these financial statements is crucial. They provide insight into the financial health and stability of Cinch I.T., including its assets, liabilities, equity, revenues, and expenses. Understanding these aspects can help you assess the franchisor's ability to support its franchisees and manage its own business effectively.
The financial statements include balance sheets as of December 31, 2022 and 2021, and related statements of operations and member's equity (deficit) and cash flows for the years then ended, and the related notes to the financial statements. These statements are audited by independent auditors, who express an opinion on whether the financial statements present fairly the financial position of Cinch Franchise, LLC in accordance with generally accepted accounting principles.