Does the Dog Haus FDD include audited financial statements for the year 2022?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Members of Dog Haus Worldwide, LLC
Opinion
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 financial statements of Dog Haus Worldwide, LLC have been audited for the years ending December 31, 2024, 2023, and 2022. The audit includes balance sheets as of December 31, 2024 and 2023, along with statements of operations, members' deficit, and cash flows for the years ended December 31, 2024, 2023 and 2022, and related notes. This indicates that the FDD includes audited financial statements for 2022.
The inclusion of audited financial statements for multiple years, including 2022, provides prospective franchisees with a view of Dog Haus's financial performance over time. This allows for a better understanding of the company's financial health and trends. Audited statements are generally considered more reliable than unaudited ones, as they have been reviewed by an independent accounting firm.
Prospective franchisees should carefully review these audited financial statements, including the notes, to assess the financial stability and performance of Dog Haus. Understanding the company's financial history can help franchisees make informed decisions about investing in a Dog Haus franchise. It is also advisable to consult with a financial advisor to fully understand the implications of the financial statements.