Where can I find the financial statements for Eos Worldwide within the FDD?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 22: CONTRACTS]
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.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, Item 22 contains the contracts, including the financial statements. Specifically, the independent auditor's report includes the financial statements of EOS Worldwide Franchising, LLC, which comprise the 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, along with related notes. These statements are prepared in accordance with accounting principles generally accepted in the United States of America.
The financial statements are audited by RSM US LLP, who provide an opinion that the 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. The auditor's report also details the responsibilities of both the management and the auditor in relation to the financial statements, ensuring transparency and reliability.
Furthermore, Note 1 within Item 22 describes the nature of operations and summary of significant accounting policies of Eos Worldwide Franchising, LLC, noting its organization on January 11, 2021, as a wholly-owned subsidiary of EOS HoldCo, LLC. It also clarifies that EOS Worldwide, LLC, an affiliate, licenses the EOS trademarks and intellectual property to the Company, which then sublicenses them to franchisees. This section also addresses the basis of presentation, use of estimates, cash management, and revenue recognition policies, providing additional context for understanding the financial statements.