For what fiscal years are SCH's audited financial statements included in the Even Hotels FDD?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
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, the audited financial statements for SCH (the parent company) are included for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. This information is crucial for prospective franchisees as it provides insight into the financial health and stability of the parent company, which has committed to perform certain post-sale obligations for Even Hotels.
Having access to these audited financial statements allows potential franchisees to assess the financial risks and stability associated with investing in an Even Hotels franchise. Reviewing several years' worth of statements helps in identifying financial trends, evaluating the company's ability to meet its obligations, and understanding its overall financial performance.
It is standard practice in the franchise industry to include audited financial statements for the franchisor and, if applicable, its parent company, to provide transparency and build trust with potential franchisees. These statements are prepared in accordance with generally accepted accounting principles and audited by independent auditors, ensuring a level of reliability and accuracy. Franchisees should carefully review these statements and consult with a financial advisor to fully understand the financial implications before making an investment decision.