What was the total member's equity for Floyds 99 in 2022?
Floyds_99 Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Floyd's 99 Franchising, LLC (the "Company"), which comprise the balance sheet as of December 29, 2024; December 31, 2023; and December 25, 2022 and the related statements of operations, member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 29, 2024; December 31, 2023; and December 25, 2022 and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPT (FDD pages 58–229)
What This Means (2025 FDD)
I am unable to provide the exact figure for the total member's equity for Floyds 99 in 2022 from the provided excerpts of the 2025 Franchise Disclosure Document. While the excerpts include an Independent Auditor's Report that mentions financial statements for December 25, 2022, and refers to statements of member's equity, the specific balance sheet or statement of member's equity is not included in these excerpts. These statements would contain the actual figures for member's equity.
To obtain this information, a prospective Floyds 99 franchisee should carefully review the full audited financial statements included as an exhibit to the 2025 FDD. These statements would typically include a balance sheet detailing assets, liabilities, and equity for the specified periods.
Specifically, the franchisee should request and examine the complete financial statements for the period ended December 25, 2022, to find the 'total member's equity' figure. This number is a critical indicator of the company's financial health and stability, which can help a potential franchisee assess the risk and potential of investing in a Floyds 99 franchise.