For what years are the Consolidated Balance Sheets provided for Epcon Communities?
Epcon_Communities Franchise · 2025 FDDAnswer from 2025 FDD Document
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 23 — RECEIPTS (FDD pages 86–280)
What This Means (2025 FDD)
According to Epcon Communities' 2025 Franchise Disclosure Document, the Independent Auditor's Report includes consolidated balance sheets as of December 31, 2024 and 2023. These balance sheets are part of the audited consolidated financial statements, which also cover the related statements of income, changes in member's equity, and cash flows for the years then ended.
The auditor's opinion confirms that these financial statements present fairly the financial position of Epcon Communities as of December 31, 2024 and 2023. This opinion is based on auditing standards generally accepted in the United States of America (GAAS). The provided financial statements give insight into Epcon Communities' financial performance and position over the past two years.
Prospective franchisees should carefully review these consolidated balance sheets and related financial statements to understand Epcon Communities' financial health and stability. Analyzing these documents can help potential franchisees assess the franchisor's ability to support its franchisees and maintain a sustainable business model. It is important to note that these are historical statements and may not be indicative of future performance.