What is the fiscal year end for Exit Realty Upper Midwest's financial statements?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit F are EXIT Realty Upper Midwest's audited financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the fiscal year end for Exit Realty Upper Midwest is December 31. The FDD includes audited financial statements for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. These audited financial statements are attached as Exhibit F to the FDD.
Understanding the fiscal year end is important for prospective franchisees as it sets the annual reporting period for the company's financial performance. This allows franchisees to review Exit Realty Upper Midwest's financial statements and assess their financial health over consistent yearly periods. Knowing the fiscal year end helps in comparing financial data across multiple years and understanding trends in revenue, expenses, and profitability.
Specifically, the audited financial statements include the Balance Sheets as of December 31, 2024, 2023, and 2022, and the related Statements of Income (Loss), Changes in Stockholders' Equity (Deficit), and Cash Flows for the years then ended, and the related Notes to the Financial Statements. These statements provide a comprehensive view of the company's financial position and performance, which is crucial for making informed decisions about investing in an Exit Realty franchise.