Does Eos Worldwide provide audited financial statements?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
Report December 31, 2024
Contents
| Independent auditor's report | 1-2 |
|---|---|
| Financial statements | |
| Balance sheets | 3 |
| Statements of operations | 4 |
| Statements of member's equity | 5 |
| Statements of cash flows | 6 |
| Notes to financial statements | 7-9 |
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.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
Yes, according to the 2025 FDD, Eos Worldwide includes audited financial statements. The FDD contains Independent Auditor's Reports from RSM US LLP, along with the financial statements of EOS Worldwide Franchising, LLC.
The auditor's report for 2024 and 2023 states that RSM US LLP audited the company's 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. The auditor's opinion is that the financial statements present fairly, in all material respects, the financial position of Eos Worldwide 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.
Additionally, the FDD includes an auditor's report for the financial statements as of December 31, 2023. The auditor's opinion is that the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America. The prior year's (2022) financial statements were audited by other auditors, whose report dated March 20, 2023, expressed an unmodified opinion on those statements.
The inclusion of audited financial statements in the FDD is a standard practice for established franchisors. This allows prospective franchisees to review an independent opinion on the financial health and performance of Eos Worldwide. The audit reports also outline the responsibilities of both the management and the auditor in the financial reporting process.