What exhibit contains the financial statements for Cornwell Quality Tools?
Cornwell_Quality_Tools Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit A, are the following financial statements of Cornwell, that show at least the franchisor's balance sheet for the previous three fiscal yearends before the Disclosure Document issuance date and statements of operations, stockholders equity and cash-flows for each of the franchisor's previous three fiscal years:
The audited financial statements of Cornwell Quality Tools Company an Ohio corporation, for the fiscal years ended December 31, 2022, 2023 and 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 100)
What This Means (2025 FDD)
According to Cornwell Quality Tools' 2025 Franchise Disclosure Document, the company's financial statements are included as Exhibit A. These statements provide a detailed overview of Cornwell Quality Tools' financial performance over the previous three fiscal years. Specifically, Exhibit A contains the balance sheets for the fiscal years ending December 31, 2022, 2023, and 2024, along with statements of operations, stockholders' equity, and cash flows for each of those years.
Prospective franchisees should carefully review these financial statements to assess the financial stability and performance of Cornwell Quality Tools. Understanding the franchisor's financial health is crucial for evaluating the risks and potential rewards of investing in a Cornwell Quality Tools franchise. Key areas to examine include revenue trends, profitability, debt levels, and cash flow patterns.
By analyzing these financial statements, potential franchisees can gain insights into Cornwell Quality Tools' ability to support its franchisees and invest in the growth of the franchise system. It is advisable to consult with a financial advisor or accountant to thoroughly interpret the financial statements and understand their implications for your investment decision.