factual

For Face Foundrie, what years are covered by the audited financial statements included in Exhibit E of the Franchise Disclosure Document?

Face_Foundrie Franchise · 2025 FDD

Answer from 2025 FDD Document

Attached to the Disclosure Document as Exhibit E are the audited financial statements for our fiscal years ended December 31, 2024, 2023 and 2022. Our fiscal year ends December 31.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)

What This Means (2025 FDD)

According to Face Foundrie's 2025 Franchise Disclosure Document, the audited financial statements in Exhibit E cover the fiscal years ended December 31, 2024, 2023, and 2022. This means that prospective franchisees can review Face Foundrie's financial performance over the past three years to gain insight into the company's financial health and stability. The inclusion of these audited statements is a standard practice in franchising, providing potential investors with a degree of confidence in the accuracy and reliability of the financial information presented.

The financial statements include balance sheets, statements of operations, statements of member's deficit, and cash flow statements for each of the three years. These statements offer a comprehensive view of Face Foundrie's assets, liabilities, equity, revenues, expenses, and cash flows. By examining these statements, prospective franchisees can assess Face Foundrie's profitability, liquidity, and solvency, which are critical factors in evaluating the franchise opportunity.

Additionally, the financial statements are accompanied by an independent auditor's report, which expresses an opinion on the fairness of the presentation of Face Foundrie's financial position and results of operations. This report provides further assurance to potential franchisees that the financial statements have been subjected to an independent review and are presented in accordance with generally accepted accounting principles. The auditor's report also includes a restriction on use, specifying that the report is intended for inclusion within the Franchise Disclosure Document and should not be used or relied upon by anyone for any other purpose.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.