As of what date are the audited financial statements for Crawlspace Medic presented?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the financial statements of CSM Franchise Group, LLC (the "Company"), which comprise the balance sheets as of December 31, 2023, 2022, and 2021, the related statements of operations and changes in member's equity, and cash flows for the years then ended, 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, 2023, 2022, and 2021, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Crawlspace Medic's 2024 Franchise Disclosure Document, the audited financial statements included are presented as of December 31, 2023, December 31, 2022, and December 31, 2021. These statements include balance sheets, statements of operations and changes in member's equity, and cash flow statements for the years ending on those dates, along with related notes.
The inclusion of these audited financial statements allows prospective Crawlspace Medic franchisees to review the company's financial performance over the past three years. This information is crucial for assessing the financial stability and overall health of the franchisor.
The independent auditor's report indicates that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This provides a level of assurance to potential franchisees regarding the reliability of the financial information provided.
It is important for potential Crawlspace Medic franchisees to carefully review these financial statements and notes, possibly with the assistance of a financial advisor, to fully understand the franchisor's financial condition and performance history before making an investment decision.