Does the Endless Summer Sweets disclosure document include financial statements in Item 21?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: March 24,2024
I received a disclosure document that included the following Exhibits:
- A. State Addenda to Disclosure Document
- B. Franchise Agreement (with State Addenda to Agreements, Guaranty and Non-Compete Agreement, Rider to Lease Agreement, and Form of General Release)
- C. Multi-Unit Development Agreement
- D. Item 21 Financial Statements
- E. State Administrators and Agents for Service of Process
Source: Item 23 — RECEIPTS (FDD pages 39–125)
What This Means (2024 FDD)
Yes, according to the 2024 Endless Summer Sweets Franchise Disclosure Document, Item 21 Financial Statements are included as Exhibit D.
As a prospective franchisee, it is crucial to carefully review these financial statements. Item 21 typically contains the franchisor's audited financial statements for the past three years. This information provides insight into the financial stability and performance of Endless Summer Sweets.
Analyzing these statements can help you assess the franchisor's profitability, debt levels, and overall financial health, which are important factors in evaluating the risks and potential rewards of investing in an Endless Summer Sweets franchise.