What was the total cash, including restricted cash, for Dermani Medspa at December 31, 2023?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
NICHOLS, CAULEY & ASSOCIATES, LLC
1825 Barrett Lakes Blvd, Suite 200 Kennesaw, Georgia 30144 770-422-0598 FAX 678-214-2355 kennesaw@nicholscauley.com
INDEPENDENT AUDITOR'S REPORT
To the Members 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, 2023, and the related statements of income 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, 2023, 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
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
Based on the 2025 Dermani Medspa FDD, the financial statements include an independent auditor's report for the balance sheet as of December 31, 2023. The report confirms that the financial statements of Dermani Medspa Franchising, LLC fairly present the company's financial position as of that date.
However, the excerpt does not specify the exact total cash, including restricted cash, held by Dermani Medspa as of December 31, 2023. While the document mentions the company's policies regarding cash, cash equivalents, and restricted cash, it does not provide the actual figures for these amounts in the provided excerpts.
A prospective Dermani Medspa franchisee should request a full copy of the financial statements for December 31, 2023, from the franchisor to ascertain the total cash, cash equivalents, and restricted cash. Understanding the company's cash position is crucial for assessing its financial health and stability.