According to Fly Fitness's 2024 Franchise Disclosure Document, the balance sheet can be found on multiple pages within Item 21, which contains the financial statements. Specifically, an unaudited balance sheet as of May 31, 2024, is included in Exhibit D. Additionally, the independent auditor's reports mention balance sheets as of December 31, 2023, and December 31, 2022, indicating their presence within the financial statements. A balance sheet is also found on page 162.

These financial statements are crucial for prospective franchisees as they provide a snapshot of Fly Fitness's financial health. The balance sheets detail the company's assets, liabilities, and equity at specific points in time, offering insights into its solvency and financial structure. Reviewing these statements can help a potential franchisee assess the financial stability of Fly Fitness and understand how the company manages its resources and obligations.

It is important to note that the FDD includes both audited and unaudited financial statements. Audited statements have been reviewed by an independent certified public accountant, providing a higher level of assurance regarding their accuracy and reliability. The unaudited balance sheet, while still informative, has not undergone the same level of scrutiny. Prospective franchisees should carefully consider the implications of these differences when evaluating the financial information provided by Fly Fitness.

Given that Fly Fitness has not been in business for three years, the FDD does not include the three prior years of audited financial statements typically required. This is a common situation for newer franchisors. However, the inclusion of audited statements for the periods ended December 31, 2023, and December 31, 2022, along with the unaudited balance sheet as of May 31, 2024, still provides valuable financial information for potential franchisees to review.