What was the total value of Fat Shack's total assets at the end of 2022?
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)
I am unable to provide the total asset value for Fat Shack at the end of 2022, as this information is not present within the provided excerpts from the 2025 Franchise Disclosure Document. While the excerpts include financial statements and auditor's reports, they do not specify the total asset value.
Item 23 includes 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. The independent auditor's report states that the financial statements present fairly the financial position of Fat Shack Inc. and Subsidiary as of December 31, 2024, 2023 and 2022. However, the actual figures are not included in the provided documentation.
A prospective Fat Shack franchisee should carefully review the full Item 23 of the FDD, which includes the complete financial statements, to ascertain the company's total assets, liabilities, and equity for the reported years. Understanding the asset values can help a franchisee assess the financial health and stability of Fat Shack before investing in a franchise.