factual

Does the Crawlspace Medic audited financial statements include Statements of Cash Flows?

Crawlspace_Medic Franchise · 2024 FDD

Answer from 2024 FDD Document

P, LLC*

December 31, 2022

TABLE OF CONTENTS CSM FRANCHISE GROUP, LLC December 31, 2022

Independent Auditors' Report 1
AUDITED FINANCIAL STATEMENTS
Balance Sheets 3
Statements of Operations and Changes in Members' Equity (Deficit) 4
Statements of Cash Flows 5
Notes to the

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)

What This Means (2024 FDD)

According to the 2024 Crawlspace Medic Franchise Disclosure Document, the franchisor's audited financial statements include Statements of Cash Flows. This is a standard component of a complete set of audited financial statements, providing insights into how the company generates and uses cash.

The inclusion of a Statement of Cash Flows in Crawlspace Medic's audited financials means that prospective franchisees have access to information about the company's cash inflows and outflows, categorized by operating, investing, and financing activities. This statement can help franchisees understand the company's liquidity, solvency, and overall financial health.

Typically, franchisors provide audited financial statements that include a balance sheet, income statement, statement of cash flows, and accompanying notes. The presence of all these statements allows potential franchisees and their advisors to conduct a thorough financial analysis of the franchisor. Reviewing these statements is a crucial step in assessing the financial stability and performance of Crawlspace Medic before investing in a franchise.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.