Where can I find the audited financial statements 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 can be found in Exhibit F. These statements include the years ended December 31, 2022, December 31, 2023, and December 31, 2024. The financial statements comprise the statements of operations, stockholder equity, and cash flows for each of the three years in the period ended December 31, 2024.
As a prospective franchisee, reviewing these financial statements is crucial. They provide an overview of Gold Star's financial health over the past three years, including its revenues, expenses, profits, and cash flow. This information can help you assess the financial stability of the franchisor and its ability to support its franchisees.
Specifically, pay close attention to trends in revenue and profitability, as well as any significant changes in the company's financial position. Also, carefully examine the auditor's report, which provides an independent opinion on the fairness of the financial statements. Any qualifications or concerns raised by the auditor should be carefully considered. By thoroughly reviewing these audited financial statements, you can make a more informed decision about whether to invest in a Gold Star franchise.