Are the Epcon Communities financial statements presented for three consecutive years?
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 85)
What This Means (2025 FDD)
According to the 2025 FDD, Epcon Communities Franchising, LLC's financial statements are not presented for three consecutive years. The Independent Auditor's Report included in the FDD covers 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.
Similarly, the Independent Auditor's Report included in the 2023 FDD covers the consolidated balance sheets as of December 31, 2023 and 2022, and the related consolidated statements of income and changes in member's equity and cash flows for the years then ended.
Therefore, the financial statements are only presented for two years, 2024 and 2023, in the 2025 FDD, and 2023 and 2022 in the 2023 FDD. This means prospective franchisees can only review two years of Epcon Communities's financial performance in the FDD, which is less than the three years typically presented by franchisors. A prospective franchisee may want to ask Epcon Communities for additional financial information to better understand their financial performance over a longer period.