What was the total revenue for Fitstop USA, Inc. in 2023?
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.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Fitstop USA, INC. as at December 31, 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 50–135)
What This Means (2024 FDD)
I am unable to provide the total revenue for Fitstop USA, Inc. in 2023, as this information is not present in the provided excerpts from the 2024 Franchise Disclosure Document. While the excerpts include financial statements and an independent auditor's report, they do not specify the exact total revenue figure for the company during that year.
Item 23 includes the financial statements of Fitstop USA, INC., which comprise the balance sheet as of December 31, 2023 and 2022, the statement of operations and changes in members' equity, and cash flow statements for the years then ended. These statements are audited by Muhammad Zubairy, CPA PC. The notes to the financial statements describe the company's accounting policies, franchise arrangements, and revenue recognition methods.
A prospective franchisee should directly request the specific total revenue figure for 2023 from Fitstop's management. This information is crucial for evaluating the financial health and performance of the franchisor, which can help in making an informed investment decision.