On what pages of the Exit FDD can I find the Independent Auditor's Report?
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 |
| Independent Auditor's Report | 1 - 2 |
|---|---|
| Financial Statements | |
| Balance Sheets – December 31, 2024, 2023, and 2022 | 3 - 4 |
| Statements of Income (Loss) – | 5 |
| Years Ended December 31, 2024, 2023, and 2022 | |
| Statements of Changes in Stockholders' Equity (Deficit) – | 6 |
| Years Ended | |
| December 31, 2024, 2023, and 2022 | |
| Statements of Cash Flows – | 7 - 8 |
| Years Ended December 31, 2024, 2023, and 2022 | |
| Notes to Financial Statements – | 9 - 25 |
| December 31, 2024, 2023, and 2022 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, there are two different independent auditor's reports included. One report pertains to EXIT Realty Corp. International, and the other pertains to Upper Midwest Realty, Inc. d.b.a. Exit Realty Upper Midwest.
The document indicates that the Independent Auditor's Report for EXIT Realty Corp. International can be found on pages 1-2. These pages would contain the auditor's opinion on Exit Realty Corp. International's consolidated financial statements as of December 31, 2024, including their balance sheets, statements of operations, changes in equity, and cash flows.
The Independent Auditor's Report for Upper Midwest Realty, Inc. d.b.a. Exit Realty Upper Midwest is also located on pages 1-2. This report covers the financial statements as of December 31, 2024, 2023, and 2022, including balance sheets, statements of income (loss), changes in stockholders' equity (deficit), and cash flows for those years.