What statements are included in the audited financial statements of Gold Star for each year?
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 specific financial reports for the fiscal years ending December 31, 2022, December 31, 2023, and December 31, 2024. These statements provide a comprehensive overview of Gold Star's financial performance over the three-year period.
The financial statements incorporate statements of operations, which detail the revenues, expenses, and profits or losses incurred by Gold Star during each year. They also include statements of stockholder equity, outlining changes in the ownership value of the company. Additionally, statements of cash flows are present, illustrating the movement of cash both into and out of Gold Star, categorized by operating, investing, and financing activities.
Prospective franchisees should carefully review these audited financial statements and consult with a financial advisor to understand Gold Star's financial stability and performance trends. This review will help in assessing the financial health of the franchisor and the potential risks and rewards associated with investing in a Gold Star franchise.