What attachment number contains the Fat Shack audited financial statements?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
The Franchisor's audited financial statements for the most recently ended fiscal year are included as Attachment I to the Franchise Disclosure Document.
Source: Item 21 — Financial Statements (FDD pages 52–53)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, the audited financial statements are included as Attachment I. This attachment includes the consolidated financial statements for Fat Shack Inc. and Subsidiary as of December 31, 2024.
Attachment I is explicitly labeled as containing the financial statements. Prospective franchisees can review this attachment to understand Fat Shack's financial health over the past few years, as the auditor's report covers the balance sheets for December 31, 2024, 2023, and 2022, along with statements of operations, changes in stockholders' equity, and cash flows for those years.
It is standard practice for franchisors to include audited financial statements in their FDDs, allowing potential franchisees to assess the financial stability of the franchise system. Reviewing these statements is a crucial step in the due diligence process for anyone considering investing in a Fat Shack franchise.