According to Cordova's 2025 Franchise Disclosure Document, the opening balance sheet can be found in Exhibit D of the document. The balance sheet provided is unaudited and prepared on a cash basis as of March 7, 2025.

The balance sheet details Cordova Franchising, LLC's assets, liabilities, and equity. The total assets amount to $10,000, consisting entirely of cash. There are no reported liabilities. The equity section includes $1,000 in capital stock and $9,000 in owner's equity, totaling $10,000, which balances with the total assets.

Prospective franchisees should note that these financial statements are unaudited, meaning they have not been reviewed and verified by a certified public accountant. Cordova advises that prospective franchisees seek professional advice regarding the content and form of these financial statements. This is a standard disclaimer in franchise disclosure documents, as the franchisor's financial health is a critical factor for potential franchisees to consider.