Are the financial statements of Gold Star prepared for the years ended December 31st?
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 company's audited financial statements are prepared for the years ending on December 31st. Specifically, the FDD includes audited financial statements for the years ended December 31, 2022, December 31, 2023, and December 31, 2024. These statements include details on the operations, stockholder equity, and cash flows for each of these years.
For a prospective franchisee, this means that Gold Star provides a clear and consistent financial history, audited by an independent firm, which is a standard practice in franchising. Reviewing these statements is crucial for understanding the financial health and performance of Gold Star.
The consistent year-end reporting allows for easy comparison of financial performance across multiple years, helping potential franchisees identify trends and assess the stability of the company. Additionally, the inclusion of statements of operations, stockholder equity, and cash flows provides a comprehensive view of Gold Star's financial activities.