What years are covered by the Dermani Medspa financial statements included in the FDD?

According to Dermani Medspa's 2025 Franchise Disclosure Document, the provided financial statements include a balance sheet as of December 31, 2024, and related statements covering the year then ended. Additionally, the notes to the financial statements include information as of December 31, 2023, and December 31, 2022. Therefore, the financial statements provide insights into Dermani Medspa's financial position and performance for the years 2022, 2023, and 2024.

For a prospective franchisee, this means they can review Dermani Medspa's financial performance over these three years to understand the company's financial health and stability. Analyzing these statements can help in assessing the franchisor's ability to support its franchisees and manage its own operations effectively. It's important to note that the financial statements are audited by an independent auditor, providing an additional level of assurance regarding their accuracy and reliability.

The auditor's report indicates that the financial statements present fairly the financial position, results of operations, and cash flows of Dermani Medspa Franchising, LLC in accordance with accounting principles generally accepted in the United States of America. This opinion is based on an audit conducted in accordance with generally accepted auditing standards (GAAS). The auditor's responsibilities include obtaining reasonable assurance about whether the financial statements are free from material misstatement.

Prospective franchisees should carefully review these financial statements and related notes, possibly with the assistance of a financial advisor, to gain a comprehensive understanding of Dermani Medspa's financial condition and performance trends. This review should also consider the notes to the financial statements, which provide additional details and explanations of the figures presented in the primary financial statements.