On what page of the Dermani Medspa financial statements can I find the Balance Sheet?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to the 2025 Dermani Medspa FDD, the balance sheet for December 31, 2024, can be found within the Independent Auditor's Report. The auditor's report states that the financial statements comprise the balance sheet, along with related statements of operations, changes in member's deficit, and cash flows. This report is located on page 219.
Similarly, the balance sheet as of December 31, 2022, is also included in the Independent Auditor's Report. This report, prepared by Nichols, Cauley & Associates, LLC, also encompasses the statements of operations, changes in member's deficit, and cash flows for the year then ended. This report is located on page 249.
Prospective franchisees should review these balance sheets and related financial statements carefully to understand Dermani Medspa's financial position and performance. Understanding the company's assets, liabilities, and equity, as presented in the balance sheets, is crucial for assessing the financial stability of the franchisor. Reviewing the auditor's opinion is also important, as it provides an independent assessment of the fairness of the financial statements.