Does the Mr. Sandless FDD include audited financial statements, and if so, for what periods?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
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. Also attached are our unaudited financial statements as of February 28, 2025.
Our fiscal year end is December 31st .
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the document includes audited financial statements. Specifically, Exhibit B contains audited financial statements for the periods ending December 31, 2024, December 31, 2023, and December 31, 2022. The FDD also includes unaudited financial statements as of February 28, 2025. Mr. Sandless's fiscal year ends on December 31st.
Audited financial statements provide an independent assessment of a company's financial position and operating results. The inclusion of these statements for the past three years allows potential franchisees to review Mr. Sandless's financial performance over time. This helps in identifying trends and assessing the overall financial health of the company.
The presence of both audited and unaudited financial statements offers a more comprehensive view. The audited statements give a reliable historical perspective, while the unaudited statements provide a more current, though less rigorously verified, snapshot of Mr. Sandless's financials. Prospective franchisees should carefully examine these statements and consider consulting with a financial advisor to fully understand the implications for their investment.