What should a prospective Crisp & Green franchisee be aware of regarding the interim balance sheet?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
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.
Crisp and Green Franchising LLC Balance Sheet
As of March 31, 2024
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the company includes a balance sheet as of March 31, 2024. This is an interim balance sheet, meaning it covers a period less than a full year.
Additionally, the document notes that management has evaluated subsequent events through April 29, 2024, the date the financial statements were available for issue. They do not believe any subsequent events require adjustment or disclosure in the accompanying financial statements. This indicates that the company has reviewed events occurring after the balance sheet date but before the statements were issued, and determined that these events do not materially impact the financial picture presented.
A prospective franchisee should review this interim balance sheet and the auditor's report carefully to understand the financial position of Crisp & Green Franchising LLC. They should also consider the subsequent events note to understand if any significant events occurred after the balance sheet date that could affect the company's financial condition.