Where can I find Holiday's audited financial statements in the Even Hotels FDD?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
Exhibit F-1 to this disclosure document includes Holiday's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Our parent, SCH, commits to perform certain post-sale obligations for us. Exhibit F-2 includes SCH's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 98)
What This Means (2025 FDD)
According to Even Hotels' 2025 Franchise Disclosure Document, Holiday's audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022, are included as Exhibit F-1. The FDD also states that the parent company, SCH, commits to perform certain post-sale obligations. SCH's audited financial statements for the same fiscal years are included as Exhibit F-2.
These financial statements provide prospective Even Hotels franchisees with an overview of the financial health and performance of both Holiday and its parent company, SCH. Reviewing these statements is crucial for understanding the financial stability of the entities that will be supporting the franchise.
It is standard practice in franchising to include audited financial statements in the FDD to provide transparency to potential franchisees. These statements help franchisees assess the financial risks and potential rewards associated with investing in the franchise. Franchisees should carefully examine these exhibits and consider consulting with a financial advisor to fully understand the implications of the financial data presented.