As of what date do the statements of operations, stockholder equity, and cash flows cover for Gold Star?
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 operations, stockholder equity, and cash flows. These statements cover each of the three years in the period ending December 31, 2024. This means that the financial statements provide a three-year historical view of Gold Star's financial performance.
Prospective franchisees should review these statements carefully to understand Gold Star's revenue, expenses, profits, and cash flow trends. Understanding the stockholder equity can show how the owner's stake in the company has changed over time through profits, losses, and any investments or distributions. Examining cash flow statements helps to assess the company's ability to generate cash and meet its obligations.
The FDD includes audited financial statements, which means they have been reviewed by an independent accounting firm. This provides a higher level of assurance regarding the accuracy and reliability of the information presented. Franchisees should pay close attention to the notes accompanying the financial statements, as these provide additional details and explanations of the figures presented.
It is important for potential franchisees to consult with a financial advisor or accountant to fully understand the implications of Gold Star's financial statements. This will help them make an informed decision about whether to invest in a Gold Star franchise.