table_specific

What was the ending members' deficit for the Mr. Sandless franchise at the end of 2024?

Mr_Sandless Franchise · 2025 FDD

Answer from 2025 FDD Document

nly about their experience with the Mr. Sandless System.

There are no trademark-specific organizations formed by our franchisees that are associated with the Mr. Sandless System.

ITEM 21 FINANCIAL STATEMENTS

Exhibit B of this franchise disclosure document contains our audited financial statements for the periods ended December 31, 2024, December 31, 2023, and December 31, 2022.

Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)

What This Means (2025 FDD)

I am unable to provide the exact figure for the ending members' deficit for Mr. Sandless at the end of 2024, as that specific data point is not present within the provided excerpts from the 2025 Franchise Disclosure Document. While the excerpts include financial statements and auditor's reports, they do not contain a specific line item detailing the members' deficit. The excerpts do include the 'Statements of Operations and Members' (Deficit)' which indicates that this information is part of the financial statements.

Item 21 of Mr. Sandless's 2025 FDD includes audited financial statements for the periods ending December 31, 2024, December 31, 2023, and December 31, 2022, along with unaudited statements as of February 28, 2025. These financial statements would typically contain details regarding the members' deficit. The independent auditor's report confirms that the audit included statements of operations and changes in members' deficit for the years ended December 31, 2024 and 2023.

A prospective Mr. Sandless franchisee should carefully review the complete audited financial statements within the 2025 FDD to find the members' deficit figure. If the figure is not explicitly stated, it may be calculated from the balance sheet or statement of changes in equity. It would be prudent to consult with a financial advisor to fully understand the financial health and stability of Mr. Sandless before making any investment decisions. You should also consider asking the franchisor directly for clarification on the members' deficit and its implications.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.