What was the total amount spent on Annual Audit expenses for Cinnaholic in April 2025?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
eholder Investment - Lullwater Partners | 181,500.00 | | Total Shareholder Equity - Lullwater Partners | 181,500.00 | | Net Income | -15,660.14 | | Total Equity | $ -1,816,594.27 | | TOTAL LIABILITIES AND EQUITY | $2,662,016.16 |
Full Franchise Profit and Loss by Month
January - April, 2025
| | JAN 2025 | FEB 2025 | MAR 2025 | APR 2025 | TOTAL | |------------------------
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the company spent $4,500.00 on Annual Audit expenses in April 2025. This figure is part of a larger set of financial data provided in the document, which outlines the brand's income and expenses over several months.
For a prospective franchisee, understanding these audit expenses is crucial for assessing the overall financial health and transparency of Cinnaholic. Regular audits ensure that the company's financial records are accurate and compliant with accounting standards, which can provide reassurance to franchisees about the stability of the brand.
It's also worth noting that while the April 2025 audit expenses were $4,500.00, the total annual audit expenses amounted to $9,132.00. This suggests that audit-related expenses may vary from month to month, and franchisees should consider these fluctuations when budgeting for their own potential costs. Reviewing these figures allows potential franchisees to understand the financial obligations and how they might impact their investment.