Are the financial statements for Fat Shack attached to the Disclosure Document?

According to Fat Shack's 2025 Franchise Disclosure Document, the franchisor's audited financial statements for the most recently ended fiscal year are included as Attachment I to the Franchise Disclosure Document. Attachment I is titled "FINANCIAL STATEMENTS" and indicates that it contains the consolidated financial statements for Fat Shack Inc. and Subsidiary as of December 31, 2024.

These financial statements include a table of contents and an independent auditor's report. The auditor's report expresses an opinion on the fairness of the presentation of Fat Shack's financial position as of December 31, 2024, 2023, and 2022. The report covers the balance sheet, statement of operations, changes in stockholders' equity, and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.

Prospective franchisees should carefully review these financial statements and the accompanying notes, along with the independent auditor's report, to gain a comprehensive understanding of Fat Shack's financial condition and operating performance. Consulting with a financial advisor or accountant is advisable to fully assess the implications of these statements for their investment decision.