Who is the CPA firm that audited Cinnaholic Franchising, LLC's financial statements?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
MUHAMMAD ZUBAIRY, CPA PC
Certified Public Accountant 646.327.7013
INDEPENDENT AUDITOR'S REPORT
To the Members of Cinnaholic Franchising, LLC
Opinion
We have audited the financial statements of Cinnaholic Franchising, LLC, which comprises the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, and changes in members' (deficit), and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Cinnaholic Franchising, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the financial statements of Cinnaholic Franchising, LLC were audited by Muhammad Zubairy, CPA PC. The audit reports included in the FDD cover the financial years ending December 31, 2023, and December 31, 2024. These audits provide an independent opinion on the fairness and accuracy of Cinnaholic's financial statements.
The CPA firm's reports include an opinion that the financial statements present fairly, in all material respects, the financial position of Cinnaholic Franchising, LLC as of December 31, 2023 and 2024, and the results of its operations and its cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should understand the role of an independent audit in verifying the financial health of a franchise system. The auditor, Muhammad Zubairy, CPA PC, is responsible for expressing an unbiased opinion on whether Cinnaholic's financial statements are presented fairly and in accordance with generally accepted accounting principles. This provides a level of assurance to potential investors and franchisees regarding the reliability of the financial information presented.
It is important for potential Cinnaholic franchisees to review these audited financial statements and the accompanying notes carefully, possibly with the assistance of a financial advisor, to gain a comprehensive understanding of Cinnaholic's financial performance and position. The auditor's report, along with the financial statements, can help in assessing the financial stability and potential risks associated with investing in a Cinnaholic franchise.