For Crisp & Green, what years are covered by the audited financial statements included in Exhibit G?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
ITEM 21 FINANCIAL STATEMENTS
The audited financial statements for our fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021, are attached as Exhibit G to this disclosure document. Our fiscal year end is December 31. We are also attaching our interim balance sheet as of March 31, 2024. THE INTERIM BALANCE SHEET IS PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED HIS OR HER OPINION WITH REGARD TO THE CONTENT OR FORM.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the audited financial statements in Exhibit G cover the fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021. These financial statements provide a prospective franchisee with an overview of the brand's financial performance over the past three years.
These audited statements are crucial for potential franchisees as they offer insights into the financial stability and performance of Crisp & Green. Reviewing these statements can help in understanding revenue trends, expenses, and overall profitability, which are vital in assessing the financial viability of investing in a Crisp & Green franchise.
In addition to the audited financial statements, Crisp & Green also includes an interim balance sheet as of March 31, 2024. However, this interim balance sheet is unaudited, meaning it has not been reviewed and verified by a certified public accountant. The FDD explicitly advises prospective franchisees that no certified public accountant has audited these figures or expressed an opinion on their content or form. Therefore, while the interim balance sheet can provide more current financial data, it should be approached with caution and considered in conjunction with the audited statements for a comprehensive financial assessment.