Does Marble Slab Creamery consolidate financial statements with its subsidiaries?
Marble_Slab_Creamery Franchise · 2025 FDDAnswer from 2025 FDD Document
The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. Intercompany accounts have been eliminated in consolidation.
Attached as Exhibit A are our audited financial statements for the fiscal years ended December 25, 2022, December 31, 2023 and December 31, 2024.
Marble Slab Franchising, LLC
Consolidated Financial Statements
Independent Auditor's Report
To the Member of Marble Slab Franchise, LLC
Opinion
We have audited the consolidated financial statements of Marble Slab Franchise, LLC (the "Company"), which comprise the consolidated balance sheets as of December 29, 2024 and December 31, 2023, the related consolidated statements of operations, changes in member's equity and cash flows for the fiscal years then ended, and the related notes to the consolidated financial statements (collectively, the financial statements).
MARBLE SLAB FRANCHISING, LLC CONSOLIDATED STATEMENTS OF CASH FLOWS (In Thousands)
MARBLE SLAB FRANCHISING, LLC CONSOLIDATED STATEMENTS OF OPERATIONS $(In\ Thousands)$
MARBLE SLAB FRANCHISING, LLC CONSOLIDATED STATEMENTS OF CHANGES IN MEMBER'S EQUITY $(In\ Thousands)$
MARBLE SLAB FRANCHISING, LLC CONSOLIDATED BALANCE SHEETS (In Thousands)
Advertising revenue and the associated expense are recorded gross on the Company's consolidated statement of operations. Assets and liabilities associated with the related advertising fees are reflected in the Company's consolidated balance sheets.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 100–101)
What This Means (2025 FDD)
According to Marble Slab Creamery's 2025 Franchise Disclosure Document, the company does consolidate financial statements with its subsidiaries. The FDD includes audited consolidated financial statements for the fiscal years ended December 25, 2022, December 31, 2023, and December 31, 2024. These statements comprise consolidated balance sheets, statements of operations, changes in member's equity, and cash flows, along with related notes.
The principle of consolidation means that the financial results of Marble Slab Creamery and its subsidiaries are combined into one overall report. This gives a more complete picture of the company's financial health and performance. Intercompany accounts, which are transactions between Marble Slab Creamery and its subsidiaries, are eliminated during this consolidation process to avoid inflating revenue or assets.
The consolidated statements include key financial data. For example, the FDD contains "MARBLE SLAB FRANCHISING, LLC CONSOLIDATED STATEMENTS OF CASH FLOWS" and "MARBLE SLAB FRANCHISING, LLC CONSOLIDATED STATEMENTS OF OPERATIONS." These statements, along with the balance sheets and statements of changes in member's equity, provide a comprehensive view of Marble Slab Creamery's financial performance and position. Additionally, advertising revenue and associated expenses are recorded gross on the consolidated statement of operations, and related assets and liabilities are reflected on the consolidated balance sheets.
Prospective franchisees should review these consolidated financial statements and the accompanying notes carefully. Understanding the consolidated results can provide insights into Marble Slab Creamery's overall financial stability, performance trends, and accounting practices. It is also important to note that the financial statements are audited by an independent auditor, Macias, Gini & O'Connell, LLP, which adds credibility to the reported information.