Where can I find the Ledgers Financial Statements within the FDD?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent Auditor's Report | $\tilde{\mathbf{l}}_{s}$ |
|---|---|
| Financial Statements | |
| Balance Sheets | 3 |
| Statements of Operations | 4 |
| Statements of Changes in Members' Equity | 5 |
| Statements of Cash Flows | 6 |
| Notes to Financial Statements | 7 |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, the financial statements can be found as follows: the Balance Sheets are on page 3, the Statements of Operations are on page 4, the Statements of Changes in Members' Equity are on page 5, the Statements of Cash Flows are on page 6, and the Notes to Financial Statements are on page 7.
These financial statements provide a prospective Ledgers franchisee with an overview of the company's financial health. They include key information such as assets, liabilities, revenue, expenses, and cash flow. Reviewing these statements is crucial for understanding Ledgers' profitability, stability, and ability to meet its financial obligations.
The financial statements are audited by an independent auditor, whose report expresses an opinion on the fairness of the presentation of Ledgers' financial position and results of operations. The auditor's report provides additional assurance to potential franchisees regarding the reliability of the financial information. Additionally, the 2023 financial statements have been restated to correct a misstatement, as discussed in Note 9.