Do the financial statements for Crepe De Licious include a balance sheet?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crepe Delicious Holding USA, Inc. (a C Corporation), which comprise the balance sheets as of December 31, 2024 and December 31, 2023, and the related statements of income and retained earnings, and cash flows for the years then ended, and the related notes to the 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 include balance sheets. Specifically, the Independent Auditor's Report states that the audited financial statements comprise balance sheets.
The auditor, Brock, Schechter & Polakoff, LLP, has audited the financial statements of Crepe Delicious Holding USA, Inc., which include balance sheets as of December 31, 2024, and December 31, 2023. The financial statements also incorporate the related statements of income and retained earnings, and cash flows for the years then ended, along with related notes.
This indicates that a prospective Crepe De Licious franchisee can review the company's financial position as of those specific dates, providing insights into the company's assets, liabilities, and equity. Reviewing these balance sheets, along with the other financial statements, can help a potential franchisee assess the financial health and stability of Crepe De Licious.