Does the Dog Haus FDD include audited financial statements for the year 2023?
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 company's financial statements have been audited for the year 2023. The independent auditors' report states that they have audited the balance sheets as of December 31, 2024 and 2023, along with the related statements of operations and members' deficit, and cash flows for the years ended December 31, 2024, 2023 and 2022. This indicates that the FDD includes audited financial statements for 2023.
The inclusion of audited financial statements for multiple years, including 2023, allows prospective franchisees to review Dog Haus's financial performance over time. This helps them assess the financial stability and historical performance of the company. It also provides a basis for understanding the company's accounting practices and financial reporting.
The auditor's opinion confirms that the financial statements present fairly the financial position of Dog Haus 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. This statement provides assurance that the financial information is reliable and has been prepared according to standard accounting practices.