For the Kitchen Solvers financial statements, where can I find the schedules of general and administrative expenses?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent Auditor's Report | 1 |
|---|---|
| Financial Statements | |
| Balance Sheets | 3 |
| Statements of Income and Members' Equity | 4 |
| Statements of Cash Flows | 5 |
| Notes to Financial Statements | 6 |
| Supplementary Information | |
| Schedules of General and Administrative Expenses | 14 |
| Schedules of Cost of Sales | 15 |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the schedules of general and administrative expenses can be found on page 14 of the FDD. These schedules provide a detailed breakdown of the company's general and administrative expenses for the years ending December 31, 2024, 2023, and 2022. This information is part of the supplementary information included in the financial statements, which has been audited by Hancock & Robinson CPAs.
The schedules of general and administrative expenses are presented for additional analysis and are not a required part of the financial statements. However, the auditors have subjected this information to auditing procedures, ensuring it is fairly stated in all material respects in relation to the financial statements as a whole. This gives prospective franchisees confidence that the expenses have been reviewed by an independent accounting firm.
Reviewing these schedules is crucial for potential Kitchen Solvers franchisees as it provides insights into how the company manages its overhead costs. Understanding these expenses can help franchisees assess the financial health and stability of Kitchen Solvers, and also compare the franchisor's efficiency against industry benchmarks. The schedules of general and administrative expenses cover the years 2022, 2023, and 2024.