Are the financial statements for Eos Worldwide attached to the Disclosure Document?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
RSM US LLP
Independent Auditor's Report
Board of Directors EOS Worldwide Franchising, LLC
Opinion
We have audited the financial statements of EOS Worldwide Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, the related statements of operations, member's equity and cash flows for the years then ended, and the related notes to the financial statements (collectively, 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 then ended 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 Auditor's 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.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statements are issued or available to be issued.
Auditor's Responsibilities for the Audit of the Financial Statements
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, the document includes audited financial statements. Specifically, the FDD includes an Independent Auditor's Report from RSM US LLP, along with balance sheets as of December 31, 2024 and 2023, and related statements of operations, member's equity, and cash flows for the years then ended, and related notes. These financial statements are prepared in accordance with accounting principles generally accepted in the United States of America.
The inclusion of these audited financial statements provides prospective Eos Worldwide franchisees with insight into the financial health and performance of the franchisor. The auditor's opinion indicates that the financial statements present fairly the financial position of Eos Worldwide as of the specified dates and the results of its operations and cash flows for the years then ended.
It's important for potential franchisees to carefully review these statements and notes, possibly with the assistance of a financial advisor, to understand Eos Worldwide's revenue, expenses, assets, liabilities, and overall financial stability. Understanding the franchisor's financial standing is a crucial part of the due diligence process before investing in a franchise.