Are the Floors To Go financial statements for the entity Floors To Go, LLC?
Floors_To_Go Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
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 provided are indeed for Floors To Go, LLC. The independent auditor's report explicitly states that the audit was conducted on the financial statements of Floors To Go, LLC, covering the balance sheets as of December 31, 2024, and 2023, along with related statements of income, member's equity, and cash flows for those years. This confirms that the financial data presented reflects the financial position and operations of Floors To Go, LLC.
Furthermore, the FDD includes a note specifying the nature of the business, clarifying that "Floors To Go, LLC, a Florida LLC (the 'Company'), is in the business of selling franchise licenses and providing various support services to franchisees operating in the retail floor covering industry located throughout the United States." This statement reinforces that the financial statements pertain specifically to the operations of Floors To Go, LLC, as a franchise system.
In addition, Exhibit E of the 2025 Floors To Go FDD contains the audited financial statements of FTG for the years ended December 31, 2024, December 31, 2023, and December 31, 2022. This exhibit further supports that the financial statements are for the specific entity, Floors To Go, LLC.