Do the Epcon Communities financial statements include an income statement?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Members Epcon Communities Franchising, LLC and Subsidiary Dublin, Ohio
Independent Auditor's Report
Opinion
We have audited the accompanying consolidated financial statements of Epcon Communities Franchising, LLC and Subsidiary (the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income and changes in member's equity and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated 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 page 85)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, the financial statements include consolidated statements of income. Specifically, the Independent Auditor's Report states that the audit encompassed the consolidated balance sheets as of December 31, 2024 and 2023, along with the related consolidated statements of income, changes in member's equity, and cash flows for the years then ended.
This indicates that prospective franchisees can review Epcon Communities' income statements for these years to assess the company's financial performance, including revenues, expenses, and profitability. These statements provide insights into how the company has performed financially over the past two years, which can be a valuable tool for potential investors.
It's important for potential franchisees to carefully examine these statements, along with the accompanying notes, to understand the underlying accounting principles and any significant factors that may have affected Epcon Communities' financial results. Analyzing these financial statements can help franchisees make informed decisions about investing in an Epcon Communities franchise.