Are the financial statements for Floyds 99 as of December 31, 2023 audited?

According to Floyds 99's 2025 Franchise Disclosure Document, the financial statements as of December 31, 2023, were indeed audited. The Independent Auditor's Report confirms that the auditors have audited the financial statements of Floyd's 99 Franchising, LLC, which include the balance sheet as of December 31, 2023.

This audit provides a level of assurance to prospective franchisees that the financial information presented by Floyds 99 has been examined by an independent accounting firm and conforms to generally accepted accounting principles. The auditor's opinion states that the financial statements present fairly the financial position of the company as of that date. This is a positive sign for potential franchisees as it suggests that Floyds 99 maintains transparent and reliable financial reporting practices.

The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). These standards require the auditors to be independent and to meet ethical responsibilities. The auditors believe that the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion. This indicates that the audit was performed thoroughly and professionally.

It's important for prospective franchisees to review these audited financial statements carefully, along with the accompanying notes, to gain a comprehensive understanding of Floyds 99's financial health and performance. This information can help them make an informed decision about investing in a Floyds 99 franchise.