factual

Where can I find Jersey Mikes' audited financial statements as of December 31, 2022?

Jersey_Mikes Franchise · 2025 FDD

Answer from 2025 FDD Document

Jersey Mike's Franchise Systems, LLC and Affiliates

Consolidated Financial Statements as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023, and 2022, and Independent Auditor's Report

Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 76–77)

What This Means (2025 FDD)

According to Jersey Mike's 2025 Franchise Disclosure Document, the consolidated financial statements as of December 31, 2024 and 2023, and for the years ended December 31, 2024, 2023, and 2022, along with the independent auditor's report, are included in Exhibit C-2 to the Disclosure Document. These statements provide an overview of Jersey Mike's financial performance over the stated period.

The audited financial statements include consolidated balance sheets, statements of operations, comprehensive income, changes in deficit, and cash flows. The notes to these statements offer further details and explanations of the figures presented. The independent auditor's report expresses an opinion on the fairness of the presentation of Jersey Mike's financial position and results of operations based on audits conducted according to generally accepted auditing standards.

Specifically, the financial statements include data for the years ending December 31, 2024, 2023, and 2022. This allows prospective franchisees to review Jersey Mike's financial performance over a three-year period, which can be helpful in assessing the stability and profitability of the company. Reviewing these statements and the auditor's opinion is a standard part of due diligence when considering a franchise investment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.