What was the amount of Floors To Go's member's equity at the end of 2023?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Floors To Go, LLC (the "Company"), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income and member's equity, and cash flows for the years then ended, and the related notes to the financial statements (the "financial statements").
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to the 2025 Floors To Go Franchise Disclosure Document, the audited financial statements include the balance sheets as of December 31, 2024 and 2023. These statements provide a snapshot of the company's assets, liabilities, and equity at those specific points in time.
To determine the member's equity for Floors To Go at the end of 2023, a prospective franchisee should carefully review the balance sheets within the provided financial statements. The balance sheet will list the total member's equity, which represents the ownership stake in the company. This figure is crucial for understanding the financial health and stability of Floors To Go.
It is important to note that the provided excerpts do not explicitly state the exact amount of member's equity. Instead, they confirm that this information is available within the audited financial statements included as part of the FDD. A potential franchisee should consult these statements directly to find the specific figure for member's equity as of December 31, 2023.