For Exit, on which pages of the FDD are the notes to the consolidated financial statements located?
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 notes to the consolidated financial statements are located on pages 9 through 23. These notes provide additional details and explanations regarding the figures and information presented in the core financial statements.
For a prospective Exit franchisee, understanding these notes is crucial for a comprehensive understanding of Exit's financial health. The notes may contain information about accounting practices, debt obligations, potential liabilities, and other factors that could impact the franchisee's investment.
It is important to carefully review these notes and consult with a financial advisor to fully understand the implications of the information presented. Franchisees should pay close attention to any notes regarding litigation, contingent liabilities, or related-party transactions, as these could indicate potential risks.