How many years of financial statements are included for Eos Worldwide?
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.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 FDD, Eos Worldwide Franchising, LLC includes financial statements for two years. The Independent Auditor's Report indicates that the audit encompasses balance sheets as of December 31, 2024, and December 31, 2023, along with related statements of operations, member's equity, and cash flows for the years then ended.
Specifically, the inclusion of two years' worth of financial statements (2024 and 2023) allows prospective franchisees to review the company's recent financial performance and assess trends over that period. This provides a clearer picture of the company's financial health and stability compared to having only a single year of data.
Furthermore, the FDD mentions that the financial statements for the year ended December 31, 2022, were audited by other auditors, and their report, dated March 20, 2023, expressed an unmodified opinion on those statements. While these statements are referenced, they are not included as part of the primary audited financial statements for 2023 and 2024. Therefore, while the 2022 statements exist and were audited, the franchisor only includes the two most recent years in the current disclosure.