factual

Which entities are consolidated in the financial statements for Fast Fix Jewelry And Watch Repairs?

Fast_Fix_Jewelry_And_Watch_Repairs Franchise · 2025 FDD

Answer from 2025 FDD Document

The financial statements include the accounts of JRE Holdings, Inc. and its wholly owned subsidiaries, Jewelry Repair Enterprises, Inc., JRE Franchising, Inc. and JRE Enterprises, Inc. All significant intra-entity balances and transactions have been eliminated.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 37)

What This Means (2025 FDD)

According to Fast Fix Jewelry And Watch Repairs's 2025 Franchise Disclosure Document, the consolidated financial statements include the accounts of JRE Holdings, Inc., Jewelry Repair Enterprises, Inc., JRE Franchising, Inc., and JRE Enterprises, Inc. All significant intra-entity balances and transactions among these entities have been eliminated during the consolidation process. DK-JRE, LLC, the parent company, has no operational activity, so the consolidated financial statements are reported at the JRE Holdings, Inc. level.

For a prospective franchisee, understanding which entities are consolidated provides insight into the overall financial health and structure of the Fast Fix Jewelry And Watch Repairs organization. Consolidated statements offer a comprehensive view of the financial performance of the parent company and its subsidiaries, which can be useful in assessing the stability and potential risks associated with investing in a franchise.

It's important to note that the financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (GAAP). This ensures a standardized and transparent reporting framework, allowing potential franchisees and investors to make informed decisions based on reliable financial information. Reviewing these statements and understanding the relationships between the entities can help a franchisee evaluate the financial risks and opportunities associated with the Fast Fix Jewelry And Watch Repairs franchise.

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.