factual

Where can I find the audited financial statements for Cinch I.T.?

Cinch_I_T Franchise · 2024 FDD

Answer from 2024 FDD Document

EXHIBIT B TO THE DISCLOSURE DOCUMENT CINCH FRANCHISE, LLC FINANCIAL STATEMENTS

CINCH I.T. Franchise Disclosure Document April 30, 2024

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 can be found in Exhibit B. This exhibit is titled "EXHIBIT B TO THE DISCLOSURE DOCUMENT CINCH FRANCHISE, LLC FINANCIAL STATEMENTS." The inclusion of financial statements within the FDD is a standard practice, allowing potential franchisees to review the financial health and performance of the franchisor.

The independent auditor's report included in Exhibit B contains opinions on Cinch I.T.'s financial statements. These opinions cover balance sheets, statements of operations, member's equity (deficit), and cash flows for specific years. For example, one report covers the financial statements as of December 31, 2023 and 2022. Another report covers the financial statements as of December 31, 2022 and 2021. A third report covers the financial statements as of December 31, 2021 and 2020.

The auditor's report confirms that the financial statements present fairly the financial position, results of operations, and cash flows of Cinch I.T. in accordance with accounting principles generally accepted in the United States of America. The report also outlines the responsibilities of both the management and the auditors in preparing and auditing these financial statements. Management is responsible for the preparation and fair presentation of the financial statements and the design, implementation, and maintenance of internal control. The auditors are responsible for expressing an opinion on the financial statements based on their audit.

Prospective franchisees should carefully review these audited financial statements and the accompanying notes to understand Cinch I.T.'s financial performance, stability, and any potential risks. Consulting with a financial advisor or accountant is advisable to fully assess the implications of these statements before making an 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.