Does the Crown Gold Exchange Disclosure Document include Item 21 Financial Statements?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: June 4th, 2024
I received a disclosure document that included the following Exhibits:
- A. State Addenda to Disclosure Document
- B. Franchise Agreement (with State Addenda to Agreements, Guaranty and Non-Compete Agreement, Rider to Lease Agreement, and Form of General Release)
- C. Multi-Unit Development Agreement
- D. Item 21 Financial Statements
- E. State Administrators and Agents for Service of Process
Source: Item 23 — RECEIPTS (FDD pages 39–114)
What This Means (2024 FDD)
According to the 2024 Crown Gold Exchange Franchise Disclosure Document, the document includes Item 21 Financial Statements. Specifically, Exhibit D of the disclosure document contains the Item 21 financial statements.
Item 21 of the FDD typically includes the franchisor's audited financial statements for the past three years. These statements provide prospective franchisees with an overview of the franchisor's financial health, including their assets, liabilities, equity, revenues, and expenses. Reviewing these statements is a crucial step in assessing the financial stability of Crown Gold Exchange and its ability to support its franchisees.
As a prospective franchisee, it is important to carefully review Crown Gold Exchange's financial statements and consult with a financial advisor to understand the implications of the franchisor's financial performance. This review can help you assess the risks and potential rewards associated with investing in a Crown Gold Exchange franchise.