On what page of the Closet Storage Concepts FDD can I find the Statement of Cash Flows?
Closet_Storage_Concepts Franchise · 2025 FDDAnswer from 2025 FDD Document
CLOSETS UNLIMITED OF NEW JERSEY, INC. STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2022
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 59)
What This Means (2025 FDD)
According to Closet Storage Concepts' 2025 Franchise Disclosure Document, the Statement of Cash Flows for the year ended December 31, 2022, can be found in Item 21. Specifically, the document includes the heading "CLOSETS UNLIMITED OF NEW JERSEY, INC. STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 2022." While the excerpt indicates the presence of this statement, it does not explicitly state the page number on which it is located.
Similarly, the Independent Auditor's Report within Item 21 refers to the "statements of operations, retained earnings, and cash flows" for the years ended December 31, 2023 and 2024. This confirms that a Statement of Cash Flows is included as part of the audited financial statements for those years as well. However, the specific page numbers for these statements are not provided in this excerpt.
A prospective franchisee should review Item 21 in its entirety to locate the specific page numbers for each Statement of Cash Flows. If the page numbers are not readily apparent, they should ask the franchisor directly for clarification during their due diligence process.