What exhibit contains the financial statements for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit A | Financial Statements |
|---|
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the financial statements are found in Exhibit A. This is a standard practice in franchising, as the FDD aims to provide transparency regarding the franchisor's financial health. A prospective franchisee should carefully review these statements to assess the financial stability and performance of Crepe De Licious.
Examining the financial statements is a crucial step in the due diligence process. It allows potential franchisees to understand the franchisor's revenue, expenses, assets, and liabilities. This information can help in evaluating the overall financial risk and potential return on investment associated with opening a Crepe De Licious franchise.
Specifically, Exhibit A includes financial statements for December 31, 2024, and December 31, 2023. These statements were reported on March 19, 2025, by Brock, Schechter & Polakoff, LLP. Crepe De Licious also includes a consent from Brock, Schechter & Polakoff, LLP consenting to the use of their report in the Franchise Disclosure Document.