Does Deer Solution include financial statements for years prior to its establishment?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
To the Members of Deer Solution Franchising, LLC PO BOX 480 Mendham, NJ 07945
Opinion
We have audited the accompanying financial statements of Deer Solution Franchising, LLC (a New Jersey limited liability Company), which comprise the balance sheet as of December 31, 2023, and the related statements of operations, members' equity, and cash flows for the year then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Deer Solution's 2025 Franchise Disclosure Document, the company includes financial statements dating back to December 31, 2023, and December 31, 2024. The company was established on December 30, 2021. Therefore, Deer Solution does not include financial statements for the years prior to its establishment.
The financial statements included in the FDD are audited by an independent certified public accountant, ensuring they are presented fairly and in accordance with generally accepted accounting principles. These statements include balance sheets, statements of operations, members' equity, and cash flows, providing a comprehensive view of Deer Solution's financial performance and position.
Prospective franchisees should review these financial statements carefully to understand Deer Solution's financial health and stability. While the statements do not go back prior to the company's founding, they offer insight into the company's performance in its early years of franchising. Understanding the brand's financial history can help franchisees assess the potential risks and rewards of investing in a Deer Solution franchise.