Does the Cordova FDD contain a cash flow statement?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
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Franchise Disclosure Document Exhibit D – Financial Statements
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.
CORDOVA FRANCHISING, LLC
BALANCE SHEET- CASH BASIS
March 7, 2025 (Unaudited)
ASSETS:
Current Assets:
Cash 10,000
**Total Curre
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, Exhibit D includes the financial statements. These financial statements are prepared without an audit, and prospective franchisees should be aware that no certified public accountant has audited these figures or expressed an opinion regarding their content or form.
The balance sheet for Cordova Franchising, LLC, as of March 7, 2025 (unaudited), is presented on a cash basis. The assets include $10,000 in cash, totaling $10,000 in current assets and total assets. The liabilities are listed as $0. The equity section shows $1,000 in capital stock and $9,000 in owner's equity, totaling $10,000 in total equity. The total liabilities and equity also amount to $10,000.
While the FDD includes a balance sheet, it does not explicitly mention a cash flow statement. Franchisees should request a cash flow statement to fully understand Cordova's financials.