What is the name of the company that prepared the Mr. Sandless balance sheet?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
ud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Mr. Sandless Franchise, LLC's internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Mr. Sandless Franchise, LLC's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Muhammad Zubairy, CPA Valley Stream, NY April 1, 2025
MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS
| ASSETS | ||||
|---|---|---|---|---|
| YEARS ENDED DECEMBER 31 | 2024 | 2023 | ||
| Current Assets | ||||
| Cash | $ | 35,452 | $ | 50,575 |
| Accounts receivable | 41,949 | 49,667 | ||
| Inventory | 8,013 | 8,013 | ||
| Due from related party | 300 | 64,122 | ||
| Total Current Assets | 85,714 | 172,377 | ||
| Property and Equipment-net | 44,492 | 64,898 | ||
| Security deposit | 2,000 | 2,000 | ||
| Total Assets | $ | 132,206 | $ | 239,275 |
| LIABILITIES AND MEMBERS' (DEFICIT) | ||||
| Current Liabilities | ||||
| Accounts payable and accrued expenses | $ | 4,275 | $ | 244 |
| Contract Liability | 57,000 61,275 | 75,000 75,244 | ||
| Contract Liability, net of current | 234,000 | 360,000 | ||
| Members' (Deficit) | (163,069) | (195,969) | ||
| Total Liabilities and Members' (Deficit) | $ | 132,206 | $ | 239,275 |
**MR.
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 sheets as of December 31, 2024 and 2023, along with related financial statements, were audited by Muhammad Zubairy, CPA PC. The report, issued on April 1, 2025, included an opinion that the financial statements fairly presented the financial position of Mr. Sandless. Zubairy's firm conducted the audit in accordance with auditing standards generally accepted in the United States of America (GAAS).
For the balance sheets as of December 31, 2022 and 2021, the audit was conducted by Monis J. Siddiqui, CPA P.C. Their report, issued on April 28, 2023, also stated an opinion that the financial statements fairly presented the financial position of Mr. Sandless. Like Zubairy's firm, Siddiqui's firm followed auditing standards generally accepted in the United States of America (GAAS).
It is important to note that the financial statements prepared as of February 28, 2025 were not audited by an independent certified public accountant. The FDD advises prospective franchisees that these figures have not been audited and no opinion has been expressed regarding their content or form. This means that while the balance sheet exists, it has not been verified by an independent source.