Does the Deer Solution FDD include a balance sheet?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
To the Members of Deer Solution Franchising, LLC
Opinion
We have audited the accompanying financial statements of Deer Solution Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023 and the related statements of operations, members' equity (deficit), 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 Deer Solution Franchising, LLC as of December 31, 2024 and 2023 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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Deer Solution Franchising, LLC and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Emphasis of Matter
As discussed in note 5 to the financial statements, the Company has extensive transactions and relationships with its affiliates. Accordingly, the accompanying financial statements may not be indicative of the results of operations that would have been achieved if the Company had operated without such affiliations. Our opinion is not modified in respect to this matter.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the financial statements include balance sheets. Specifically, the independent auditor's report states that the financial statements comprise the balance sheets as of December 31, 2024, and 2023. This indicates that prospective franchisees can review Deer Solution's financial position for those years.
The inclusion of balance sheets in the FDD is a standard practice, allowing potential franchisees to assess the financial stability and performance of Deer Solution. The auditor's report also covers statements of operations, members' equity (deficit), and cash flows for the same periods, providing a comprehensive view of the company's financial health.
Furthermore, the auditor, Metwally CPA PLLC, has expressed an opinion that the financial statements present fairly the financial position of Deer Solution as of December 31, 2024, and 2023, in accordance with accounting principles generally accepted in the United States of America. However, an emphasis of matter is noted regarding transactions and relationships with affiliates, suggesting that the company's performance might differ if it operated without these affiliations. This is an important consideration for prospective franchisees to keep in mind when reviewing the financial statements.