Does the Fitstop FDD include a statement of cash flows?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the financial statements of Fitstop USA, INC. which comprise the balance sheet as of December 31, 2023 and 2022, and the related statement of operations and changes in members' equity, and cash flow for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2024 FDD)
Yes, according to the 2024 Fitstop FDD, the financial statements include a statement of cash flows. The Independent Auditor's Report confirms that Fitstop's financial statements, which were audited, include a statement of cash flows for the years ending December 31, 2023, and 2022.
This statement is important because it provides insights into how Fitstop generates and uses cash, reflecting the company's operational, investing, and financing activities. Prospective franchisees can review this statement to understand Fitstop's cash management and financial health over the past two years.
The inclusion of a cash flow statement, audited by an independent CPA, adds credibility to Fitstop's financial reporting. Franchisees should carefully examine these statements, along with the balance sheets and statements of operations, to assess the financial stability and performance of Fitstop before investing in a franchise.