Does Hydrodog include all financial statements required by the Rule for the last three fiscal years?
Hydrodog Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITORS' REPORT
To the Ownership of Legacy Franchisors LLC D/B/A Hydrodog
Opinion
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 company includes audited financial statements for the years 2024 and 2023. Specifically, the FDD contains balance sheets as of December 31, 2024, and 2023, along with related statements of operations, members' equity, and cash flows for the years then ended.
The independent auditor's report states that the financial statements present fairly 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.
However, the document only explicitly mentions financial statements for the two most recent years (2024 and 2023). It does not state whether financial statements for the prior third year are included. A prospective franchisee should confirm with Hydrodog whether the FDD includes the full three years of audited financial statements as required by the FTC Franchise Rule.