What years are covered in the Independent Auditors' Report 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 Independent Auditors' Report includes financial statements for the years ending December 31, 2024, 2023, and 2022. Specifically, the report contains balance sheets as of December 31, 2024 and 2023, and statements of operations, stockholder's equity, and cash flows for the years ended December 31, 2024, 2023 and 2022.
This means that the auditors have examined Counselor Realty's financial records for these three years to form an opinion on the fairness of their presentation. Prospective franchisees can review these audited financial statements to gain insight into the company's financial performance and stability over this period.
The inclusion of three years' worth of financial data allows for a trend analysis, which can be more informative than looking at a single year in isolation. This helps potential franchisees assess the consistency and trajectory of Counselor Realty's financial health. Keep in mind that these are historical figures and not a guarantee of future performance.