factual

Do the Dermani Medspa financial statements include a statement of cash flows?

Dermani_Medspa Franchise · 2025 FDD

Answer from 2025 FDD Document

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.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)

What This Means (2025 FDD)

According to Dermani Medspa's 2025 Franchise Disclosure Document, the company's financial statements, which were audited, include a statement of cash flows. Specifically, the independent auditor's report states that the audit encompassed 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. This indicates that a statement of cash flows is a standard component of Dermani Medspa's financial reporting.

The inclusion of a statement of cash flows is important for prospective franchisees because it provides insights into how Dermani Medspa generates and uses cash. This statement, alongside the balance sheet and statements of operation, offers a comprehensive view of the company's financial health and stability. Franchisees can use this information to assess the franchisor's ability to support its franchisees and manage its own financial obligations.

The auditor's opinion confirms that the financial statements, including the statement of cash flows, present fairly the financial position, results of operations, and cash flows of Dermani Medspa in accordance with accounting principles generally accepted in the United States of America. This provides a level of assurance that the financial information is reliable and can be used for decision-making purposes. Therefore, reviewing the statement of cash flows is a crucial step for potential franchisees in evaluating the financial viability of the Dermani Medspa franchise opportunity.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.