As of what dates did the balance sheets of Floors To Go, LLC get audited?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
-------------------------------------------|------| | Financial Statements for the Years Ended | | | December 31, 2024 and 2023 | | | Balance Sheets | 3 | | Statements of Income and Member's Equity | 4 | | Statements of Cash Flows | 5 | | Notes to Financial Statements | 6 |
INDEPENDENT AUDITORS' REPORT
March 12, 2025
Board of Directors and Member Floors To Go, LLC Bonita Springs, Florida
Opinion
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").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Floors To Go, LLC as of December 31, 2024 and 2023, and the results of its operations and cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America ("GAAS").
Source: Item 23 — RECEIPTS (FDD pages 47–204)
What This Means (2025 FDD)
According to Floors To Go's 2025 Franchise Disclosure Document, the company's balance sheets were audited as of December 31, 2024 and December 31, 2023. The audit report, which includes an opinion on these financial statements, is dated March 12, 2025. This indicates that the audit was conducted after the close of the fiscal year, providing an independent assessment of the company's financial position at those specific year-end dates.
Floors To Go also had their balance sheets audited as of December 31, 2023 and December 31, 2022. The audit report for these balance sheets is dated March 13, 2024. This shows a consistent practice of annual audits to ensure financial transparency and compliance.
For a prospective franchisee, these audited balance sheets provide insight into the financial health and stability of Floors To Go. Reviewing these statements, along with the auditor's opinion, can help in assessing the franchisor's financial performance and identifying any potential risks or liabilities. It is a common practice for franchisors to include audited financial statements in their FDD to provide potential franchisees with reliable financial information.