Where can I find the Mr. Sandless Statements of Cash Flows within the financial statements?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Mr. Sandless Franchise, LLC which comprises the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, and changes in members' deficit and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Mr. Sandless Franchise, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the statements of cash flows can be found within the audited financial statements. The independent auditor's reports included in the FDD mention that the financial statements comprise balance sheets, statements of operations, changes in members' deficit, and cash flows. These are for the years ended December 31, 2024, 2023 and 2022.
Specifically, Exhibit B of the FDD contains Mr. Sandless's audited financial statements for the periods ending December 31, 2024, December 31, 2023, and December 31, 2022. The exhibit also includes unaudited financial statements as of February 28, 2025. The auditor expresses an opinion that the financial statements present fairly the financial position of Mr. Sandless, the results of its operations, and its cash flows for the specified years.
Therefore, a prospective franchisee can locate the Statements of Cash Flows as part of the complete financial statements package within Exhibit B of the Mr. Sandless FDD. Reviewing these statements will provide insights into the company's cash inflows and outflows during the reported periods, aiding in the assessment of its financial health and stability.