What financial statements are included in the Fat Shack Inc. and Subsidiary consolidated financial statements?
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.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Fat Shack Inc. and Subsidiary as of December 31, 2024, 2023 and 2022 and the results of its operations and its cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — Receipts (FDD pages 53–223)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, the audited financial statements of Fat Shack Inc. and Subsidiary include a balance sheet, statement of operations, statement of changes in stockholders' equity, and statement of cash flows. These statements provide a comprehensive view of the company's financial position, operational results, and cash flow activities. The financial statements cover the years 2022, 2023, and 2024.
These consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. The inclusion of these statements in the FDD helps potential franchisees assess the financial health and stability of Fat Shack. An independent auditor has audited these statements, providing an opinion that they fairly present the financial position and results of operations of Fat Shack Inc. and Subsidiary.
Prospective franchisees should carefully review these financial statements and consult with a financial advisor to understand the financial risks and opportunities associated with investing in a Fat Shack franchise. Understanding the franchisor's financial performance is a crucial part of the due diligence process before making a final investment decision. The FDD also includes a table of contents for these consolidated financial statements.