Do the financial statements for Gold Star include statements of operations?
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. The financial statements attached as Exhibit F to the disclosure document cover the years ended December 31, 2022, December 31, 2023, and December 31, 2024. These include statements of operations, stockholder equity, and cash flows for each of the three years in the period ending December 31, 2024.
For a prospective franchisee, this means that Gold Star provides a comprehensive view of its financial performance over the past three years. Reviewing these statements will allow potential franchisees to assess the company's profitability, financial stability, and cash flow management.
The inclusion of these statements is a standard practice in franchise disclosure, allowing potential franchisees to make informed decisions. It is important for prospective franchisees to carefully review these statements and consult with a financial advisor to fully understand the financial health of Gold Star.