How many years of Deck Medic financial statements are included?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the accompanying financial statements of Deck Medic, Inc. (the "Company") which comprise the balance sheets as of December 31, 2023 and 2022 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, 2023 and 2022 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 company includes financial statements for two years. Specifically, the independent auditor's report indicates that the balance sheets, statements of operations, stockholders' equity, and cash flows are presented for the years ending December 31, 2023 and 2022.
This means a prospective Deck Medic franchisee can review Deck Medic's financial performance over the most recent two-year period. Analyzing these statements can provide insights into the company's revenue, expenses, profitability, assets, liabilities, and cash flow trends.
It is important for potential franchisees to carefully examine these financial statements and notes, possibly with the assistance of a financial advisor, to assess the financial health and stability of Deck Medic before making an investment decision. Understanding the franchisor's financial performance is a crucial part of due diligence when considering a franchise opportunity.