Does the Hydrodog Franchise Disclosure Document include Exhibit A, the financial statements?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
A copy of our current form of Principal Owner's Guaranty is attached as an Exhibit B to the Franchise Disclosure Document.
Source: Item 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, Exhibit A is not explicitly identified as the financial statements. However, the document does refer to financial matters and includes attachments related to business operations. Specifically, the document mentions that a copy of the current form of Principal Owner's Guaranty is attached as Exhibit B to the Franchise Disclosure Document.
Furthermore, Section 13.2 outlines the reports franchisees must furnish, including monthly gross sales reports, quarterly profit and loss statements and balance sheets, and annual profit and loss and source and use of funds statements, along with a year-end balance sheet. Additionally, Note A summarizes significant accounting policies, detailing the nature of Hydrodog's operations, the use of estimates in financial statement preparation, concentration of credit risk, and accounting for accounts receivable.
While Exhibit A is not explicitly labeled as the financial statements, the FDD includes financial reporting requirements and accounting policy summaries, suggesting that financial information is provided, potentially in another exhibit or within the body of the document. A prospective franchisee should confirm with Hydrodog whether a complete set of audited financial statements is included and, if so, where they are located within the FDD.