Where can I find the audited financial statements for Crawlspace Medic?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
' REPORT
To the Members of CSM Franchise Group, LLC
REPORT ON THE AUDIT OF THE FINANCIAL STATEMENTS
Opinion
We have audited the financial statements of CSM Franchise Group, LLC (the "Company"), which comprise the balance sheets as of December 31, 2022, 2021, and 2020, the related statements of operations and changes in members' equity (deficit), 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, 2022, 2021, and 2020, and the results of its operations and its cash flows for the years then ended in accordance with the accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS).
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to the 2024 Crawlspace Medic FDD, Item 21 contains the audited financial statements. The financial statements include balance sheets as of December 31, 2022, 2021, and 2020, along with statements of operations, changes in members' equity (deficit), cash flows for the years then ended, and related notes.
The inclusion of these audited financial statements is a standard practice in franchising, allowing potential franchisees to assess the financial health and stability of Crawlspace Medic. These statements are prepared following generally accepted accounting principles (GAAP) in the United States, providing a consistent and reliable framework for financial reporting.
The independent auditor's report included in Item 21 indicates that the financial statements present fairly the financial position of Crawlspace Medic as of December 31, 2022, 2021, and 2020. This opinion is based on audits conducted in accordance with generally accepted auditing standards (GAAS) in the United States, adding credibility to the financial information presented.