For the Kitchen Solvers financial statements, what years are covered by the auditor's opinion?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of KS La Crosse Investment, LLC, ("the Company") (an S Corporation), which comprise the balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of income, retained earnings, 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 KS La Crosse Investment, LLC as of December 31, 2024, 2023 and 2022, 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 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the independent auditor's report covers the financial statements for the years ending December 31, 2024, 2023, and 2022. This means that the auditor has examined the balance sheets, statements of income, retained earnings, and cash flows for these three years.
The auditor's opinion indicates that the financial statements present fairly the financial position, results of operations, and cash flows of KS La Crosse Investment, LLC (Kitchen Solvers) for these years, in accordance with accounting principles generally accepted in the United States of America. This opinion provides a level of assurance to potential franchisees regarding the accuracy and reliability of the financial information presented.
Prospective Kitchen Solvers franchisees should review these audited financial statements carefully, paying close attention to the trends in revenue, expenses, assets, and liabilities over the three-year period. Understanding the franchisor's financial performance can help franchisees assess the financial health and stability of Kitchen Solvers, which is a critical factor in evaluating the franchise opportunity.