As of this FDD, what are the two most recent fiscal years for which Hydrodog provides audited financial statements?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Legacy Franchisors LLC D/B/A Hydrodog (a Maine Limited Liability Company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, members' 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 Legacy Franchisors LLC D/B/A Hydrodog as of December 31, 2024 and 2023, 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 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the two most recent fiscal years for which audited financial statements are provided are December 31, 2024, and December 31, 2023. This indicates that the FDD includes a comparative analysis of Hydrodog's financial performance over these two years.
For a prospective franchisee, this is important because it allows them to review Hydrodog's recent financial history, assess its financial stability, and understand its performance trends. Analyzing these statements can provide insights into the company's revenue, expenses, profitability, and cash flow. This information can help potential franchisees evaluate the financial health of the franchisor before making a decision to invest.
It is important to note that these are the financial statements of the franchisor, Legacy Franchisors LLC D/B/A Hydrodog, and not the financial performance of individual franchise locations. While Item 19 may provide some financial performance representations for franchise locations, the audited financial statements in Item 23 offer a broader view of the franchisor's overall financial condition.