What specific items are included in the certified statement for a Jack In The Box franchise?
Jack_In_The_Box Franchise · 2025 FDDAnswer from 2025 FDD Document
s, but be aware that not all such franchisees will be able to communicate with you.
ITEM 21 FINANCIAL STATEMENTS
Attached hereto as Exhibit A are the audited consolidated financial statements of our parent company, Jack in the Box SPV Guarantor, LLC and subsidiaries ("SPV"), as
of September 29, 2024 and October 1, 2023, the related consolidated statements of earnings, member's deficit, and cash flows for each of the fifty-two week periods ended September 29, 2024, October 1, 2023 and October 2, 2022, and the unaudited consolidated statements as of January 19, 2025. Under the Guaranty of Performance (included in Exhibit A), SPV has absolutely and unconditionally guaranteed our duties and obligations under the Franchise Agreement.
Also included are the audited consolidated balance sheets of our indirect parent company, Jack in the Box Inc. and subsidiaries as of September 29, 2024 and October 1, 2023, the related consolidated statements of operations, comprehensive (loss) income, cash flows and stockholders' deficit for each of the fifty-two week periods ended September 29, 2024, October 1, 2023 and October 2, 2022. These financials are being included for disclosure purposes only. As reflected in Item 1, Jack in the Box, Inc. is our Manager, performing certain services on our behalf. Jack in the Box, Inc. is not a party to the Franchise Agreement, Nontraditional License Agreement, or Development Agreements we sign with franchisees, nor does it guarantee any of our obligations.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 93–94)
What This Means (2025 FDD)
According to the 2025 Jack In The Box FDD, the franchise includes both audited and unaudited financial statements. The audited consolidated financial statements of Jack in the Box SPV Guarantor, LLC and subsidiaries as of September 29, 2024, and October 1, 2023, are included. These statements also contain the consolidated statements of earnings, member's deficit, and cash flows for the fifty-two week periods ending September 29, 2024, October 1, 2023, and October 2, 2022. The unaudited consolidated statements as of January 19, 2025, are also part of the financial statements.
Additionally, the audited consolidated balance sheets of Jack in the Box Inc. and subsidiaries as of September 29, 2024, and October 1, 2023, are included. These contain the consolidated statements of operations, comprehensive (loss) income, cash flows, and stockholders' deficit for the fifty-two week periods ending September 29, 2024, October 1, 2023, and October 2, 2022. These financials are included for disclosure purposes, as Jack in the Box, Inc. serves as the Manager, providing services to the company but is not a party to the franchise agreements.
Prospective franchisees should note that the unaudited financial statements have not been reviewed by a certified public accountant. This means that while these statements offer a more recent snapshot of the company's financial status, they have not undergone the same rigorous verification process as the audited statements. Therefore, these unaudited figures should be viewed with caution and used in conjunction with the audited statements to form a comprehensive understanding of Jack In The Box's financial health.