What was the reported 'Net Income' for Mr. Sandless as of February 28, 2025?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
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 .
EXHIBIT B
FINANCIAL STATEMENTS
MR. SANDLESS FRANCHISE, LLC FINANCIAL STATEMENTS DECEMBER 31, 2024
MR. SANDLESS FRANCHISE, LLC TABLE OF CONTENTS
[Item 21: FINANCIAL STATEMENTS]
7:52 PM Mr. Sandless Franchise LLC 04/15/25 Profit & Loss
Accrual Basis January through February 2025
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the net income for Mr. Sandless as of February 28, 2025, is not explicitly stated. However, there are mentions of financial statements as of February 28, 2025, and profit and loss statements for January through February 2025.
Item 21 indicates that unaudited financial statements as of February 28, 2025, are attached. Additionally, there are audited financial statements for the years ending December 31, 2024, 2023, and 2022. Profit and loss statements are available for the period of January through February 2025.
To determine the net income for Mr. Sandless as of February 28, 2025, a prospective franchisee should carefully review the attached unaudited financial statements and profit and loss statements within Exhibit B of the FDD. If the net income is not clearly stated, it is advisable to directly ask the franchisor for clarification on this specific figure to gain a comprehensive understanding of the company's financial performance during that period.