As of what date do the statements of cash flows for Gold Star cover?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this disclosure document as Exhibit F are the audited financial statements of Gold Star for the years ended December 31, 2022, December 31, 2023 and December 31, 2024, which include statements of operations, stockholder equity and cash flows for each of the 3 years in the period ended December 31, 2024.
Source: Item 21 — Financial Statements (FDD page 52)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the audited financial statements include statements of cash flows for the three years ending December 31, 2024. This means that the provided financial statements will give a prospective franchisee insight into the company's cash flow situation for the past three years. This information is crucial for understanding the financial health and stability of Gold Star.
Specifically, the financial statements attached as Exhibit F to the disclosure document include statements of operations, stockholder equity, and cash flows for each of the three years in the period ended December 31, 2024. This comprehensive financial reporting allows potential franchisees to review Gold Star's financial performance over time, which is a standard practice in franchise disclosures.
Reviewing these statements will help a prospective Gold Star franchisee assess the company's profitability, how it manages its equity, and how effectively it generates and uses cash. Understanding these aspects is essential for making an informed decision about investing in a Gold Star franchise.