For what years are the audited financial statements for Epcon Communities included in Exhibit A?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
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EXHIBIT A OF FRANCHISE DISCLOSURE DOCUMENT
EPCON COMMUNITIES FRANCHISING, LLC FINANCIAL STATEMENTS
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.
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 Consolidated 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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 85)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, Exhibit A contains audited financial statements for multiple years. Specifically, the exhibit includes consolidated balance sheets as of December 31, 2024 and 2023, along with related statements of income, changes in member's equity, and cash flows for the years then ended. Additionally, Exhibit A also presents consolidated financial statements with balance sheets as of December 31, 2023 and 2022, and corresponding statements of income, equity changes, and cash flows for those years.
For a prospective franchisee, this means they can review Epcon Communities' financial performance over the past three years. Analyzing these statements can provide insights into the company's financial stability, revenue trends, profitability, and cash flow management. This historical data is crucial for assessing the overall health and sustainability of the franchise system.
It is important for potential franchisees to carefully examine these financial statements and consult with a financial advisor to fully understand the implications. Understanding the trends and financial position of Epcon Communities can help franchisees make an informed decision about investing in the franchise. Reviewing the notes to the financial statements is also essential, as they provide additional context and explanations of the figures presented.