Does the Fitstop disclosure document include financial statements?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
| Exhibit B. Table of Contents for Manual(s) | |||
|---|---|---|---|
| Exhibit C. | Financial Statements |
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
Yes, according to Fitstop's 2024 Franchise Disclosure Document, the document includes financial statements. Specifically, Exhibit C of the FDD contains Fitstop's financial statements.
The inclusion of financial statements is a standard practice in franchise disclosure documents. These statements provide prospective franchisees with an overview of Fitstop's financial health, including its assets, liabilities, equity, revenue, and expenses. This information can help potential franchisees assess the financial stability of Fitstop and its ability to support its franchisees.
The financial statements in Exhibit C include a table of contents and cover Fitstop's financial position as of December 31, 2023. These statements are audited by an independent CPA, Muhammad Zubairy, CPA PC, and include an independent auditor's report. The auditor's report expresses an opinion on the fairness of Fitstop's financial statements and confirms that they are presented in accordance with accounting principles generally accepted in the United States of America.