Are the financial statements for Floyds 99 as of April 27, 2025 audited?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT G (TO DISCLOSURE DOCUMENT)
FINANCIAL STATEMENTS
UNAUDITED FINANCIAL STATEMENTS OF FLOYD'S 99 FRANCHISING, LLC FOR THE PERIOD ENDED APRIL 27, 2025
THESE FINANCIAL STATEMENTS WERE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED AN OPINION WITH REGARD TO THEIR CONTENT OR FORM.
and
AUDITED FINANCIAL STATEMENTS OF FLOYD'S 99 FRANCHISING, LLC FOR THE PERIODS ENDED DECEMBER 25, 2022, DECEMBER 31, 2023, AND DECEMBER 29, 2024
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to Floyds 99's 2025 Franchise Disclosure Document, the financial statements for the period ended April 27, 2025, are unaudited. The FDD explicitly states that the financial statements for this period were prepared without an audit.
Floyds 99 includes both unaudited and audited financial statements in their FDD. Specifically, the document contains audited financial statements for the periods ended December 25, 2022, December 31, 2023, and December 29, 2024.
The FDD emphasizes that prospective franchisees should be aware that no certified public accountant has audited the figures for the period ending April 27, 2025, or expressed an opinion regarding their content or form. This disclosure is a standard practice to ensure transparency and to inform potential franchisees about the level of scrutiny applied to different sets of financial data presented in the FDD.