What exhibit contains Fitstop's financial statements?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
Our audited financial statements for our fiscal year ending December 31, 2023 and December 31, 2022, as well as our opening day balance sheet as of November 2022, are attached to this Disclosure Document as Exhibit C. We have not yet been franchising for three (3) fiscal years and, as such, we are not in position to disclose any additional financial statements typically required in this Item.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the company's financial statements are included in Exhibit C. This exhibit contains Fitstop's audited financial statements for the fiscal years ending December 31, 2023, and December 31, 2022, as well as their opening day balance sheet as of November 2022.
As a prospective franchisee, reviewing these financial statements is crucial. They provide insights into Fitstop's financial health, including its revenues, expenses, assets, and liabilities. Analyzing these statements can help you assess the franchisor's stability and ability to support its franchisees.
It's important to note that Fitstop has not been franchising for three fiscal years, so the FDD does not include additional financial statements typically required. This means there is limited historical financial data available for review. A potential franchisee should consider this when evaluating the opportunity and ask the franchisor for any additional financial information that may be available.