Where can I find Jersey Mikes' audited financial statements as of December 31, 2023?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
it | 6 | | Consolidated Statement of Cash Flows | 7 | | Notes to Consolidated Financial Statements | 8–23 |
INDEPENDENT AUDITOR'S REPORT
To the Board of Managers of Jersey Mike's Franchise Systems, LLC and Affiliates:
Opinion
We have audited the consolidated financial statements of Jersey Mike's Franchise Systems, LLC and Affiliates (the "Company"), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, comprehensive income, changes in deficit, and cash flows for the years then ended, and the related notes to the consolidated financial statements (collectively referred to as the "financial statements").
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, including the Independent Auditor's Report, encompass the consolidated balance sheets as of December 31, 2024 and 2023. These statements also include the consolidated statements of operations, comprehensive income, changes in deficit, and cash flows for the years then ended, along with related notes.
The Independent Auditor's Report states that the financial statements present fairly the financial position of Jersey Mike's as of December 31, 2024 and 2023, and the results of its operations and cash flows for each of the three years in the period ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
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 as Exhibit C-2 to the Disclosure Document.