Where can I find Cinnaholic's profit and loss statement and balance sheet as of April 30, 2025?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Document Disclosure as Exhibit H is our unaudited profit and loss statement and balance sheet as of April 30, 2025, and our audited financial statements for the periods ending December 31, 2024, December 31, 2023, and December 31, 2022. We have adopted the modified retrospective transition method provisions of FASB ASC Topic 606.
EXHIBIT H
FINANCIAL STATEMENTS
[SEE ATTACHED] THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAD AUDITED THESE FIGURES OR EXPRESSED HIS/HER OPINION WITH REGARD TO THE CONTENT OR FORM.
Balance Sheet
As of April 30, 2025
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the company's unaudited profit and loss statement and balance sheet as of April 30, 2025, are included as Exhibit H to the document. The FDD also states that Cinnaholic's audited financial statements for the periods ending December 31, 2024, December 31, 2023, and December 31, 2022 are attached.
It is important to note that the April 30, 2025, financial statements are unaudited. The FDD includes a disclaimer emphasizing that these financial statements have not been reviewed by a Certified Public Accountant, and no opinion is offered regarding their content or form. This means that while the information is provided by Cinnaholic, it has not been independently verified for accuracy.
Prospective franchisees should carefully review all financial statements and notes, paying close attention to the unaudited nature of the April 30, 2025, statements. It would be prudent to discuss these statements with a financial advisor to fully understand Cinnaholic's financial performance and position. Understanding the difference between audited and unaudited statements is crucial for making an informed investment decision.