Does the Degree Wellness Franchise Disclosure Document include audited balance sheets?
Degree_Wellness Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit G are:
Degree Wellness Franchise, LLC's audited balance sheets as of December 31, 2024, and the related statements of income, retained earnings, and of cash flow for the years then ended. We have not been in business for three years or more and cannot include all the financial statements required by the Rule
Source: Item 21 — Financial Statements (FDD page 66)
What This Means (2025 FDD)
According to Degree Wellness's 2025 Franchise Disclosure Document, the document includes audited balance sheets. Specifically, Item 21 and the Independent Auditor's Report confirm that Degree Wellness's FDD includes the company's audited balance sheets as of December 31, 2024, along with related financial statements.
The inclusion of audited financial statements is a standard practice in franchising, as it provides potential franchisees with an objective view of the franchisor's financial health. The audit was conducted in accordance with generally accepted auditing standards in the United States of America. The auditor's opinion states that the financial statements present fairly the financial position of Degree Wellness Franchise, LLC as of December 31, 2024.
The auditor's report outlines the responsibilities of both the management and the auditor in preparing and auditing the financial statements. Management is responsible for the fair presentation of the financial statements and for maintaining internal controls. The auditor's responsibility is to express an opinion on the financial statements based on the audit. The audit aims to provide reasonable assurance that the financial statements are free from material misstatement.