On what page of the Fly Fitness FDD can I find the Balance Sheet?
Fly_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
Because we have not been in business for three years, we are not able to include the three prior years of audited financial statements normally required by this Item 21. Our audited financial statements for the periods ended December 31, 2023, and December 31, 2022, and an unaudited balance sheet as of May 31, 2024 are included in Exhibit D.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)
What This Means (2024 FDD)
According to Fly Fitness's 2024 Franchise Disclosure Document, the unaudited balance sheet as of May 31, 2024, is included in Exhibit D. While the specific page number for Exhibit D is not explicitly stated, Item 21 refers to it as containing the balance sheet.
Additionally, the document includes an image of what appears to be a balance sheet on page_162. However, it is important to note that the FDD also mentions audited financial statements for the periods ended December 31, 2023, and December 31, 2022, are included in Exhibit D, implying that multiple balance sheets for different periods may be found within the exhibit.
Therefore, a prospective franchisee should carefully review Exhibit D in its entirety to locate all balance sheets and related financial statements. It would be prudent to confirm with Fly Fitness the exact location of each balance sheet and which one is most current.