Are the financial statements for Creative World School included as part of the disclosure document?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
ITEM 23 RECEIPTS
Attached as the last 2 pages of this disclosure document are duplicate Receipts to be signed by you. Keep one for your records and return the other one to us.
EXHIBIT A TO THE DISCLOSURE DOCUMENT
FINANCIAL STATEMENTS
OF
CREATIVE WORLD SCHOOLS FRANCHISING COMPANY, INC.
FINANCIAL STATEMENTS
December 31, 2024, 2023 and 2022
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April 4, 2025
To the Stockholders of Creative World Schools Franchising Company, Inc. Bonita Springs, Florida
Opinion
We have audited the accompanying financial statements of Creative World Schools Franchising Company, Inc. (the Company), which comprise the balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Creative World Schools Franchising Co., Inc., as of December 31, 2024, 2023 and 2022, 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 80)
What This Means (2025 FDD)
According to the 2025 Creative World School Franchise Disclosure Document, the financial statements for Creative World Schools Franchising Company, Inc. are included as an exhibit to the disclosure document. Specifically, the document includes financial statements as of December 31, 2024, 2023, and 2022. These statements include balance sheets and related statements.
An independent auditor has audited these financial statements. Their opinion, included in the FDD, states that the financial statements present fairly the financial position of Creative World Schools Franchising Co., Inc. as of December 31, 2024, 2023, and 2022. The auditor's opinion also covers the results of the company's operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should carefully review these financial statements and consult with a financial advisor to understand the financial health and stability of Creative World School. Understanding the franchisor's financial position is crucial for assessing the risks and potential rewards of investing in a Creative World School franchise.