As of the date of this Fat Shack FDD, how many years of audited financial statements are included?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Fat Shack Inc. and Subsidiary, which comprises the balance sheet as of December 31, 2024, 2023 and 2022 and the related statement of operations, and changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — Financial Statements (FDD pages 52–53)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, the company includes three years of audited financial statements. The financial statements comprise the balance sheets as of December 31, 2024, 2023, and 2022, along with the related statements of operations, changes in stockholders' equity, and cash flows for the years then ended.
These audited financial statements offer prospective Fat Shack franchisees a view into the company's financial performance over the past three years. Reviewing these statements can help potential franchisees assess the financial stability and overall health of the Fat Shack franchise system.
The inclusion of multiple years allows for trend analysis, which can be more informative than a single year's data. Potential franchisees can see how Fat Shack has performed over time, which may help in predicting future performance and assessing the risks and opportunities associated with investing in a Fat Shack franchise.