factual

What is the latest date for which audited financial statements are provided for Crisp & Green?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

We have audited the accompanying financial statements of Crisp & Green Franchising LLC, which comprise the balance sheets as of December 31, 2023, 2022, and 2021 and the related statements of operations, member's equity, and cash flows for the years then 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 Crisp & Green Franchising LLC as of December 31, 2023, 2022, and 2021, 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 66)

What This Means (2024 FDD)

According to Crisp & Green's 2024 Franchise Disclosure Document, the latest date for which audited financial statements are provided is December 31, 2023. The financial statements include balance sheets as of December 31, 2023, 2022, and 2021, along with related statements of operations, member's equity, and cash flows for the years then ended. These statements are accompanied by notes.

The financial statements are audited by CliftonLarsonAllen LLP, who issued an independent auditor's report on April 29, 2024. The auditors' opinion states that the financial statements present fairly the financial position of Crisp & Green Franchising LLC as of December 31, 2023, 2022, and 2021, and the results of its operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.

In addition to the audited financial statements, Crisp & Green includes an interim balance sheet as of March 31, 2024. However, the FDD clearly states that this interim balance sheet is unaudited. Prospective franchisees should be aware that the audited financial statements provide a higher level of assurance regarding the accuracy and reliability of the financial information compared to the unaudited interim balance sheet.

Prospective franchisees should carefully review the audited financial statements and the auditor's report to understand Crisp & Green's financial performance and position over the past three years. It is also important to note that management has evaluated subsequent events through April 29, 2024, the date at which the financial statements were available for issue, and does not believe that there are any subsequent events that require adjustment or disclosure in the accompanying financial statements.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.