Are the Deck Medic financial statements for 2021 included?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
a Dr STE 300, Fort Worth TX 76137
Cell: 214-200-5434 (Mohamed Metwally) Mmetwally@metwallycpa.com
Independent Auditor's Report
To the Stockholders of Deck Medic, Inc. Frankfort, Illinois
Opinion
We have audited the accompanying financial statements of Deck Medic, Inc. (an Illinois corporation), which comprise the balance sheets as of December 31, 2022 and 2021 and the related statements of operations, stockholders' 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 Deck Medic, Inc. as of December 31, 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 42)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the financial statements for 2021 are included. The Independent Auditor's Report states that the audit includes balance sheets as of December 31, 2022 and 2021. This means prospective franchisees can review Deck Medic's financial performance for those two years.
The inclusion of these financial statements allows potential franchisees to assess the financial health and stability of Deck Medic. By examining the balance sheets, statements of operations, stockholders' equity, and cash flows, franchisees can gain insights into Deck Medic's revenue, expenses, assets, liabilities, and overall profitability.
It is important for prospective franchisees to carefully review these financial statements and consult with a financial advisor to fully understand the implications. Analyzing these documents can help in making an informed decision about investing in a Deck Medic franchise. Additionally, advertising expenses for 2022 and 2021 are listed as $69,863 and $46,569 respectively.