As of what date are the audited financial statements for Dog Haus included in Exhibit I?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Dog Haus Worldwide, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations and members' deficit, and cash flows for the years ended December 31, 2024, 2023 and 2022, 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 the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years ended December 31, 2024, 2023 and 2022 in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 87)
What This Means (2025 FDD)
According to Dog Haus's 2025 Franchise Disclosure Document, the audited financial statements included in Exhibit I comprise balance sheets as of December 31, 2024, and 2023. These statements also include the statements of operations and members' deficit, and cash flows for the years ended December 31, 2024, 2023, and 2022.
These financial statements offer prospective franchisees insight into Dog Haus's financial health over the past three years. By reviewing these documents, potential franchisees can assess the company's profitability, assets, liabilities, and cash flow trends. This information is crucial for evaluating the financial stability of Dog Haus and its ability to support its franchisees.
The inclusion of audited financial statements is a standard practice in franchising, ensuring transparency and providing potential franchisees with reliable financial information. The audit was conducted in accordance with generally accepted auditing standards in the United States of America. Prospective franchisees should carefully review these statements and consult with a financial advisor to understand the implications for their investment.