Does the Fitstop disclosure document include financial statements as an exhibit?
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, Exhibit C is the financial statement. The financial statements included are for the period ending December 31, 2023. The document also includes an independent auditor's report.
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. Reviewing these statements can help potential franchisees assess the financial stability of Fitstop and its ability to support its franchisees.
The financial statements have been audited by Muhammad Zubairy, CPA PC, and their opinion is that the financial statements present fairly the financial position of Fitstop USA, INC. as of December 31, 2023 and 2022. The audit was conducted in accordance with auditing standards generally accepted in the United States of America.