On what page of the Fat Shack financial statements is the Consolidated Balance Sheet located?

According to the 2025 Fat Shack FDD, the Consolidated Balance Sheets are located on page 176 of the financial statements. This statement provides a snapshot of Fat Shack's assets, liabilities, and equity at a specific point in time. The financial statements are included as Attachment I to the Franchise Disclosure Document.

Prospective franchisees should carefully review the balance sheet to assess the financial health and stability of Fat Shack. Key items to examine include cash on hand, debt levels, and overall equity. Understanding these figures can help franchisees evaluate the franchisor's ability to support its franchisees and manage its own operations effectively.

It is important to note that the balance sheet only provides a snapshot at a specific point in time and should be analyzed in conjunction with other financial statements, such as the income statement and statement of cash flows, to gain a comprehensive understanding of Fat Shack's financial performance. Consulting with a financial advisor is recommended to fully interpret the financial statements and understand their implications for a potential franchise investment.