What is the name of the auditing firm that audited Cr3 American Exteriors?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
Notes to the Financial Statements
NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Organization and Nature of Business
Tectum Franchising LLC (hereinafter the "Company") was formed on July 12, 2022 as a Virginia limited liability company for the purpose of offering franchise opportunities and support for entrepreneurs who want to own a franchise location of CR3 American Exteriors, a business that offers, sells, and performs roofing and remodeling services for commercial and residential customers within a defined territory.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Cr3 American Exteriors does not explicitly state the name of the auditing firm that audited their financial statements. However, Note 1 to the Financial Statements does mention that "Tectum Franchising LLC (hereinafter the "Company") was formed on July 12, 2022 as a Virginia limited liability company for the purpose of offering franchise opportunities and support for entrepreneurs who want to own a franchise location of CR3 American Exteriors, a business that offers, sells, and performs roofing and remodeling services for commercial and residential customers within a defined territory." This indicates that the financial statements have been prepared in accordance with generally accepted accounting principles.
While the specific auditing firm is not named, the FDD does provide detailed financial statements for Cr3 American Exteriors. These statements include a balance sheet, income statement, statement of cash flows, and notes to the financial statements. The notes provide additional information about the company's accounting policies, use of estimates, and financial instruments.
A prospective franchisee should independently verify the financial information provided in the FDD. During the due diligence process, it would be prudent to ask the franchisor directly for the name of their auditing firm and to review the audited financial statements in detail. This will help ensure a clear understanding of the franchisor's financial health and stability.