What page in Exit's consolidated financial statements contains the consolidated balance sheets?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent auditors' report | 1-2 |
|---|---|
| Consolidated financial statements: | |
| Consolidated balance sheets | 3 - 4 |
| Consolidated statements of operations and comprehensive loss | 5 |
| Consolidated statements of changes in stockholders' equity | 6 |
| Consolidated statements of cash flows | 7 - 8 |
| Notes to consolidated financial statements | 9 - 23 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the consolidated balance sheets are located on pages 3 through 4 of the consolidated financial statements. This information is part of a larger table of contents for the financial statements, which also includes the location of the independent auditors' report, the consolidated statements of operations and comprehensive loss, the consolidated statements of changes in stockholders' equity, the consolidated statements of cash flows, and the notes to the consolidated financial statements.
Prospective franchisees can use this information to quickly locate the balance sheets within the financial statements for review. The balance sheets provide a snapshot of Exit's assets, liabilities, and equity at a specific point in time, which is crucial for assessing the company's financial health.
Understanding where to find this information allows potential franchisees to efficiently conduct their due diligence and gain insights into Exit's financial stability before making an investment decision. Reviewing these statements is a standard practice when evaluating a franchise opportunity.