What is the date of Fly To Fit's audited opening balance sheet?

According to Fly To Fit's 2024 Franchise Disclosure Document, the company's audited opening balance sheet is dated April 15, 2024. This balance sheet is included as Exhibit F in the FDD. Fly To Fit states that because they have not been in business for three years or more, they cannot include all financial statements normally required by the Franchise Rule of the Federal Trade Commission.

The inclusion of an audited opening balance sheet is a standard practice in franchising, especially for newer franchise systems. It provides potential franchisees with a snapshot of the company's financial position at a specific point in time. The audit, conducted by an independent accountant, offers a level of assurance regarding the accuracy and reliability of the financial information presented.

Prospective franchisees should carefully review this balance sheet, along with the accompanying notes, to gain a better understanding of Fly To Fit's assets, liabilities, and equity. It is also important to note that Fly To Fit's fiscal year end is December 31. This information, combined with other sections of the FDD, can help potential franchisees assess the financial stability and overall viability of the Fly To Fit franchise opportunity.