What was the net income for Healthsource Chiropractic in the first year presented in this table?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of HealthSource Chiropractic, LLC, which comprise the balance sheets as of December 31, 2024, 2023, and 2022, and the related statements of income and comprehensive income, members' and stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of HealthSource Chiropractic, LLC as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
I am unable to provide the net income for Healthsource Chiropractic for the first year presented in the provided financial statements. While the excerpts from the 2025 Franchise Disclosure Document include the Independent Auditor's Report and Statements of Income and Comprehensive Income, the actual figures for net income for the years 2022, 2023, and 2024 are not present. The excerpts do confirm that the financial statements for those years were audited.
A prospective franchisee should carefully review the complete audited financial statements in Item 23 of the FDD to assess Healthsource Chiropractic's financial performance. Understanding the trend in net income over these three years is crucial for evaluating the financial health and stability of the franchisor.
Specifically, the franchisee should request and analyze the full Statements of Income and Comprehensive Income to determine the exact net income figures for each year. This information is essential for making an informed investment decision.