Does the Dog Haus FDD include audited financial statements for the year 2024?
Dog_Haus Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditors' Report
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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
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 2024. The Independent Auditors' Report states that the audit includes balance sheets as of December 31, 2024, and related statements of operations, members' deficit, and cash flows for the years ended December 31, 2024, 2023, and 2022. This indicates that the FDD contains a comprehensive financial overview of Dog Haus for the specified period.
The inclusion of audited financial statements is a standard practice in franchising, providing potential franchisees with an objective assessment of the franchisor's financial health. The audit was conducted in accordance with auditing standards generally accepted in the United States of America. These standards require the auditors to be independent and to obtain sufficient evidence to support their opinion on the fairness of the financial statements.
The audited financial statements in the Dog Haus FDD offer transparency and help prospective franchisees evaluate the financial stability and performance of the company. Franchisees should carefully review these statements and consult with a financial advisor to understand the implications for their investment. The FDD also includes notes to the financial statements, which provide additional details on accounting policies, commitments, and contingencies that could affect the company's financial position.