Where can I find the Notes to Financial Statements within the Counselor Realty FDD?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent Auditors' Report | 1 |
|---|---|
| Financial Statements | |
| Balance Sheets | 3 |
| Statements of Operations | 4 |
| Statements of Stockholder's Equity | 5 |
| Statements of Cash Flows | 6 |
| Notes to Financial Statements | 7 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the Notes to Financial Statements can be found on page 7, as indicated in the Table of Contents. These notes are related to the financial statements for December 31, 2024, 2023, and 2022. The financial statements themselves, along with the balance sheets, statements of operations, stockholder's equity, and cash flows, are included as Exhibit A within the FDD.
The Notes to Financial Statements provide additional context and details about Counselor Realty's financial performance and position. These notes include summaries of significant accounting policies, such as the nature of operations, cash management, accounts receivable handling, revenue recognition methods, and income tax considerations. Understanding these policies is crucial for a prospective franchisee to assess the financial health and stability of Counselor Realty.
Specifically, the notes cover topics such as related-party transactions, where expenses are allocated from Counselor Holding, Inc., the parent company, and subsequent events evaluated through April 21, 2025. Reviewing these notes will help a potential Counselor Realty franchisee gain a deeper understanding of the financial practices and potential risks associated with the franchise.