What years are covered by the audited financial statements for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
Inc.**
Financial Statements December 31, 2024 and December 31, 2023
| Independent Auditor's Report 1-3 | |
|---|---|
| Financial Statements | |
| Balance Sheets 4 | |
| Statements of Income and Retained Earnings 5 | |
| Statements of Cash Flows 6 | |
| Notes to Financial Statements 7-15 | |
| Supplementary Information 16 | |
| Schedules of General and Administrative Expenses by Revenue Source 17 |
Brock, Schechter & Polakoff, LLP
726 Exchange St. | Suite 822 | Buffalo, NY 14210 Phone: 716-854-5034 | Fax: 716-854-7195
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the audited financial statements include data for multiple years. Specifically, one report covers the balance sheets as of December 31, 2024, and December 31, 2023, along with the related statements of income, retained earnings, and cash flows for the years then ended. A second report covers the balance sheets as of December 31, 2023, and December 31, 2022, with their related financial statements for those years.
This means a prospective Crepe De Licious franchisee can review the company's financial performance over a three-year period (2022, 2023, and 2024) to identify trends and assess financial stability. Analyzing these statements can provide insights into revenue, expenses, profitability, and cash flow patterns, which are crucial for making an informed investment decision.
It is important for potential franchisees to carefully examine these audited financial statements and consult with a financial advisor to fully understand the financial health and historical performance of Crepe De Licious. This review should also consider any notes or qualifications included in the auditor's report, such as the adoption of new accounting standards or concerns about the company's ability to continue as a going concern.