Are Dermani Medspa's audited financial statements attached to the Disclosure Document?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
To the Member of dermani MEDSPA Franchising, LLC Windermere, Florida
Opinion
We have audited the accompanying financial statements of dermani MEDSPA Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of operations and changes in member's deficit and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of dermani MEDSPA Franchising, LLC as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). 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 dermani MEDSPA Franchising, LLC and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2025 FDD)
Yes, according to Dermani Medspa's 2025 Franchise Disclosure Document, audited financial statements are included. Specifically, the document includes an Independent Auditor's Report from Nichols, Cauley & Associates, LLC, along with the balance sheet as of December 31, 2024, and related statements. This report expresses the auditor's opinion on the fairness of Dermani Medspa's financial presentation in accordance with accounting principles generally accepted in the United States of America.
Additionally, the FDD includes an Independent Auditor's Report that covers the balance sheet as of December 31, 2022, and the related statements of operations, changes in member's deficit, and cash flows for the year then ended. This indicates that Dermani Medspa provides historical financial data for prospective franchisees to review.
The inclusion of these audited financial statements and the auditor's reports aims to provide potential franchisees with a degree of confidence in the financial health and reporting practices of Dermani Medspa. It allows them to assess the company's financial position and performance over the past few years, which is a standard practice in franchising to ensure transparency and informed decision-making.