Is the Crawlspace Medic Brand Fund financial statement audited or unaudited?

According to the 2024 Crawlspace Medic Franchise Disclosure Document, the Brand Fund's financial statement is unaudited. Specifically, an annual unaudited financial statement of the Brand Fund is available to Crawlspace Medic franchisees upon written request.

This means that the financial records of the Brand Fund are not reviewed and verified by an independent certified public accountant. While an unaudited statement can still provide a general overview of the fund's financial activities, it does not carry the same level of assurance as an audited statement. Audited financial statements offer greater confidence in the accuracy and reliability of the reported information, as they have been subjected to scrutiny by an independent professional.

As a prospective Crawlspace Medic franchisee, it's important to understand the implications of receiving an unaudited financial statement. While the franchisor is providing transparency by making the statement available, you should be aware that the figures have not been independently verified. It would be prudent to carefully review the statement, ask questions about any items that are unclear, and possibly seek advice from a financial professional to fully understand the Brand Fund's financial position. Requesting and reviewing these statements annually will help franchisees monitor how their contributions to the Brand Fund are being managed and spent.