What years are covered by the Deck Medic audited financial statements included in the FDD?
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 audited financial statements include balance sheets, statements of operations, stockholders' equity, and cash flows. The statements as of December 31, 2023 and 2022 are included in the report.
Prospective franchisees should review these financial statements carefully to understand Deck Medic's financial performance and stability. Understanding Deck Medic's financial health can help a franchisee assess the risks and potential rewards of investing in the franchise.
The inclusion of these audited financial statements provides transparency and allows potential franchisees to make informed decisions based on the company's financial history. It is common practice for franchisors to include several years of financial statements to give a comprehensive view of the company's performance over time.