What is the last year for which Deer Solution provides audited financial statements?
Deer_Solution Franchise · 2025 FDDAnswer from 2025 FDD Document
Metwally CPA PLLC
CERTIFIED PUBLIC ACCOUNTANT
1312 Norwood Dr STE 100, Bedford, Texas 76022
Cell: 214-200-5434 (Mohamed Metwally) Mmetwally@metwallycpa.com
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 franchisor includes audited financial statements up to December 31, 2024. The provided auditor's report from Metwally CPA PLLC covers the balance sheets as of December 31, 2024 and 2023, along with the statements of operations, members' equity (deficit), and cash flows for the years then ended. This indicates that prospective franchisees can review Deer Solution's financial performance for the two most recent years.
The inclusion of these audited financial statements is intended to provide transparency into the financial health and stability of Deer Solution. A prospective franchisee can use this information to assess the company's revenue, expenses, assets, and liabilities, which can help in evaluating the overall risk and potential return on investment of the franchise opportunity.
It's important to note that the auditor's report includes an emphasis of matter regarding Deer Solution's transactions and relationships with its affiliates. The auditor states that the financial statements may not be indicative of the results of operations that would have been achieved if the company had operated without such affiliations. This suggests that a potential franchisee should carefully review the notes to the financial statements and understand the nature and extent of these affiliate transactions to fully assess the company's financial performance.