Are the financial statements for Eos Worldwide for the calendar year or some other period?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, the company's financial statements are based on the calendar year. The independent auditor's report indicates that the financial statements comprise balance sheets as of December 31, 2024 and 2023, and the related statements of operations, member's equity, and cash flows for the years then ended. This means that the financial performance is assessed and reported from January 1 to December 31 each year.
This is a standard practice for most businesses, as it aligns with the typical accounting cycle and facilitates comparisons across different periods. Prospective Eos Worldwide franchisees can rely on these statements to understand the company's financial position and performance at the end of each calendar year. The use of calendar year reporting ensures consistency and comparability in financial analysis.
Furthermore, the financial statements for the year ended December 31, 2022, were also audited, reinforcing the consistency in Eos Worldwide's reporting practices. This consistency is important for potential franchisees as they evaluate the financial health and stability of the franchisor. The audit reports, prepared by RSM US LLP, provide an independent opinion on the fairness of the financial statements, offering additional assurance to prospective franchisees.