Are the statements of retained earnings included in Healthsource Chiropractic's financial statements?

According to Healthsource Chiropractic's 2025 Franchise Disclosure Document, the company's financial statements do include statements of retained earnings. Specifically, the FDD includes HealthSource Chiropractic's audited balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022. In addition to the balance sheets, the financial statements also incorporate the related statements of income, retained earnings, and cash flow for the years then ended.

For a prospective franchisee, this means that the financial statements provided offer a comprehensive view of the company's financial performance over the past three years. The inclusion of retained earnings statements is important because it shows how much of the company's net income has been reinvested back into the business rather than being paid out as dividends. This can be an indicator of the company's financial health and its ability to fund future growth.

It is standard practice for franchisors to include these statements in their FDDs, as it allows potential franchisees to assess the financial stability and performance of the franchise system. Reviewing these statements is a crucial step in the due diligence process for anyone considering investing in a Healthsource Chiropractic franchise. Franchisees should carefully examine these statements and consult with a financial advisor to fully understand the implications for their investment.