factual

What years are covered by the audited financial statements for Dog Haus?

Dog_Haus Franchise · 2025 FDD

Answer 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 company's audited financial statements include balance sheets as of December 31, 2024, and 2023. The statements of operations and members' deficit, and cash flows are audited for the years ended December 31, 2024, 2023, and 2022. This means that the financial performance of Dog Haus is examined by independent auditors for these specific years.

For a prospective franchisee, this information is crucial as it provides a historical view of the company's financial health. Reviewing these audited statements allows potential franchisees to assess the financial stability and performance trends of Dog Haus over the three-year period. This helps in making an informed decision about investing in a Dog Haus franchise.

The inclusion of three years' worth of audited financial statements is a standard practice in franchising, providing a more comprehensive picture than a single year alone. The audit opinion confirms that the financial statements are presented fairly and in accordance with generally accepted accounting principles (GAAP). This adds credibility to the financial information presented in the FDD.

Prospective franchisees should carefully examine these financial statements and related notes, possibly with the assistance of a financial advisor, to understand Dog Haus's revenue, expenses, assets, liabilities, and cash flows. This due diligence is essential to evaluate the potential risks and rewards associated with investing in a Dog Haus franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.