What is the date of the balance sheets presented for Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Counselor Realty Franchising, Inc. (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, stockholder's equity and cash flows for the years ended December 31, 2024, 2023 and 2022 and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023 and the results of its operations and its cash flows for the years ended December 31, 2024, 2023 and 2022 in accordance with accounting principles generally accepted in the United States of America (GAAP).
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the balance sheets included are as of December 31, 2024, and December 31, 2023. These financial statements offer a snapshot of the company's financial position at these specific points in time.
The inclusion of balance sheets for two consecutive years allows prospective franchisees to compare Counselor Realty's assets, liabilities, and equity over time, which can reveal trends in the company's financial health. Analyzing these balance sheets can help potential franchisees assess the company's stability and growth potential.
It is important for potential franchisees to carefully review these balance sheets, along with the related statements of operations, stockholder's equity, and cash flows, to gain a comprehensive understanding of Counselor Realty's financial performance. Consulting with a financial advisor is recommended to fully interpret the financial statements and understand their implications for the franchise opportunity.