Do the financial statements for Crepe De Licious include an income statement?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
To the Shareholder Crepe Delicious Holding USA, Inc.
Report on the Audits of the Financial Statements
Opinion
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.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Crepe Delicious Holding USA, Inc. as of December 31, 2024 and December 31, 2023, 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 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the financial statements of Crepe Delicious Holding USA, Inc. have been audited. The audited financial statements include balance sheets as of December 31, 2024, and December 31, 2023, as well as December 31, 2023 and December 31, 2022.
Specifically, the audit encompasses the statements of income and retained earnings, and cash flows for the years then ended, along with related notes to the financial statements. The independent auditor's report expresses an opinion that these financial statements present fairly the financial position, results of operations, and cash flows of Crepe Delicious Holding USA, Inc. for the specified periods, in accordance with accounting principles generally accepted in the United States of America.
Therefore, prospective Crepe De Licious franchisees can be assured that the franchisor provides audited financial statements, which include an income statement, balance sheets, statements of cash flow, retained earnings, and related notes. This comprehensive financial reporting offers transparency into the financial health and performance of the company.