What is the date of the letter from KPMG LLP included as an exhibit for Cr3 American Exteriors?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number Description 16.1 Letter from KPMG LLP dated December 11, 2017. 99.1 Press Release dated December 11, 2017.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to the 2025 Cr3 American Exteriors Franchise Disclosure Document, a letter from KPMG LLP is included as Exhibit 16.1. The letter is dated December 11, 2017. This indicates that the financial statements and related exhibits may be several years old.
Franchisees should note that older financial statements may not accurately reflect the current financial health and stability of Cr3 American Exteriors. While historical data can provide some insights, it is crucial to understand the context and any significant changes that may have occurred since 2017.
Prospective franchisees should inquire about more recent financial information and any updates regarding the relationship with KPMG or other auditing firms. Understanding the reasons behind the inclusion of older financial documents is essential for making an informed investment decision. It would be prudent to discuss these matters with the franchisor and potentially seek advice from a financial advisor.