As of the date of the Floors To Go FDD, are the financial statements audited?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 21. FINANCIAL STATEMENTS
Attached to this disclosure document as Exhibit "E" is the Floors To Go, LLC audited financial statements for the years ended December 31, 2024, December 31, 2023 and December 31, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, the financial statements included are indeed audited. Item 21 explicitly states that the audited financial statements for the years ended December 31, 2024, December 31, 2023, and December 31, 2022, are attached as Exhibit "E".
Furthermore, the presence of an Independent Auditors' Report within Item 23 reinforces this. The report includes an opinion from the auditors regarding the fair presentation of Floors To Go, LLC's financial position, results of operations, and cash flows for the specified years, in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees can take assurance from the fact that the financial statements have undergone an independent audit. This process adds credibility to the financial information presented, as it has been reviewed by an objective third party. This helps in making a more informed investment decision.