Who should be advised that no independent certified public accountant has audited the figures or expressed an opinion with regard to the content or form of Mr. Sandless' financial statements?

According to Mr. Sandless' 2025 Franchise Disclosure Document, prospective franchisees or sellers of franchises should be advised that the financial statements have not been audited by an independent certified public accountant. This means that the financial data presented has not been independently verified for accuracy or compliance with accounting standards.

For a prospective Mr. Sandless franchisee, this is a critical disclosure. Unaudited financial statements carry a higher risk of containing errors or misrepresentations compared to audited statements, where a CPA has provided an opinion on their fairness and accuracy. Therefore, potential franchisees must exercise extra caution when reviewing these financials.

It would be prudent for prospective franchisees to seek advice from their own financial advisors or accountants to thoroughly analyze Mr. Sandless' financial statements. This independent review can help identify any potential red flags or areas of concern that might not be immediately apparent. Understanding the financial health of the franchisor is crucial in assessing the overall risk and potential of the franchise investment.

While the FDD includes balance sheets as of February 28, 2025, prepared on an accrual basis, the absence of an audit means these figures should be viewed with caution. Prospective franchisees should prioritize due diligence and professional consultation to make informed decisions.