What exhibit contains Healthsource Chiropractic's audited balance sheets?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit G are:
HealthSource Chiropractic, LLC's audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022, and the related statements of income, retained earnings, and of cash flow for the years then ended.
Our fiscal year end is December 31.
Source: Item 21 — Financial Statements (FDD page 77)
What This Means (2025 FDD)
According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the company's audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022, along with related statements of income, retained earnings, and cash flow for the years then ended, are included as Exhibit G. This exhibit provides a detailed look at the company's financial performance over the past three years. The fiscal year end for Healthsource Chiropractic is December 31.
For a prospective franchisee, reviewing these financial statements is crucial for assessing the financial health and stability of Healthsource Chiropractic. The balance sheets offer insights into the company's assets, liabilities, and equity, while the income statements reveal revenues, expenses, and profitability. The cash flow statements illustrate how the company generates and uses cash, which is a key indicator of its ability to meet its obligations and fund future growth.
Understanding these financial statements can help a potential franchisee evaluate the risks and rewards associated with investing in a Healthsource Chiropractic franchise. It is important to carefully examine the trends in revenue, expenses, and profits, as well as the company's debt levels and cash reserves. Consulting with a financial advisor or accountant is recommended to fully interpret the financial statements and make an informed decision about whether to invest in a Healthsource Chiropractic franchise.