What years are covered by the audited financial statements for Hydrodog?
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 23 — RECEIPTS (FDD pages 43–166)
What This Means (2025 FDD)
According to Hydrodog's 2025 Franchise Disclosure Document, the audited financial statements include balance sheets as of December 31, 2024 and 2023. The statements of operations, member's equity, and cash flows are also included for the years then ended. This means the document provides a two-year financial snapshot of Hydrodog's performance.
Prospective franchisees should carefully review these financial statements to understand Hydrodog's financial health, profitability trends, and cash flow management. Examining the balance sheets allows one to assess the company's assets, liabilities, and equity over the two-year period. The statements of operations reveal revenue, expenses, and net income, providing insights into Hydrodog's profitability and operational efficiency. Reviewing cash flow statements will show how Hydrodog generates and uses cash, which is crucial for assessing its ability to meet its obligations and fund future growth.
It is important to note that these are historical financial statements and may not be indicative of future performance. Factors such as changes in market conditions, competition, and the overall economy can impact Hydrodog's future financial results. Therefore, prospective franchisees should also consider these factors when evaluating the franchise opportunity. Consulting with a financial advisor is recommended to fully understand the implications of the financial statements and assess the potential risks and rewards of investing in a Hydrodog franchise.