What is the date the Mr. Sandless balance sheet was printed?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
at which the financial statements were available to be issued.
THESE FINANCIAL STATEMENTS ARE PREPARED WITHOUT AN AUDIT. PROSPECTIVE FRANCHISEES OR SELLERS OF FRANCHISES SHOULD BE ADVISED THAT NO INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT HAS AUDITED THESE FIGURES OR EXPRESSED AN OPINION WITH REGARD TO THE CONTENT OR FORM.
7:52 PM Mr. Sandless Franchise LLC 04/15/25 Balance Sheet
Accrual Basis As of February 28, 2025
| Feb 28, 25 | |
|---|---|
| ASSETS | |
| Current Assets | |
| Checking/Savings | |
| 1001AA TD Bank Checking | 14,975.35 |
| 1A Savings Account | 5,161.09 |
| 1004 · 1E Admi |
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the balance sheet was printed on April 15, 2025, at 7:52 PM. The balance sheet is presented on an accrual basis and covers the period up to February 28, 2025.
This indicates the balance sheet provides a snapshot of the company's financial position as of February 28, 2025, but the document itself was generated about a month and a half later. Prospective franchisees should note the timing difference between the 'as of' date of the financial data and the print date, as this reflects the period it took to compile the information.
It's also important to note that the financial statements included in the FDD are prepared without an audit. The FDD includes a disclaimer advising prospective franchisees that no independent certified public accountant has audited these figures or expressed an opinion regarding their content or form. This means that while the balance sheet provides financial information, it has not been independently verified for accuracy.