Is the financial information presented for Deer Solution outlets audited?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
BASES AND ASSUMPTIONS
The financial information was not prepared on a basis consistent with generally accepted accounting principles. Data for our Company Owned Outlet is based on information reported to us by our affiliate and data for our Operational Franchise Outlets is based on information reported to us by our franchisees. The information in this analysis has not been audited, is based on historical financial data and is not a forecast or projection of future financial performance.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 45–52)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the financial information presented in Item 19 is not audited. The FDD states that the financial information was not prepared on a basis consistent with generally accepted accounting principles. The data for the Company Owned Outlet is based on information reported by their affiliate, and the data for the Operational Franchise Outlets is based on information reported by their franchisees.
This means that the figures presented, such as gross sales and expenses, have not been verified by an independent accounting firm. Prospective franchisees should be aware that these figures are based on self-reported data, which may not be as reliable as audited financial statements.
Deer Solution states that the information in the financial performance representation has not been audited and is based on historical financial data, and is not a forecast or projection of future financial performance. Therefore, potential franchisees should consider this when evaluating the financial performance representations and conduct their own due diligence, including consulting with a financial advisor, to assess the potential financial performance of a Deer Solution franchise.