What years' financial statements of Floyds 99 Franchising, LLC were audited?
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)
According to Floyds 99's 2025 Franchise Disclosure Document, the company had its financial statements audited for the years ending December 25, 2022, December 31, 2023, and December 29, 2024. This means that a certified public accountant has examined the financial records of Floyds 99 Franchising, LLC for these specific periods and has issued an opinion on their fairness and accuracy.
For a prospective franchisee, audited financial statements provide a higher level of confidence in the financial health and stability of Floyds 99. The audit ensures that the financial information presented is reliable and conforms to generally accepted accounting principles. This can be a crucial factor in making an informed investment decision, as it offers a degree of assurance that the franchisor's financial performance is accurately represented.
It's important to note that while the FDD includes audited financial statements for the specified periods, it also contains unaudited financial statements for the period ended April 27, 2025. These unaudited statements were prepared without an audit, and prospective franchisees are advised that no certified public accountant has expressed an opinion on their content or form. Therefore, franchisees should place more weight on the audited statements when evaluating the financial condition of Floyds 99.