For Mr. Sandless, what is the title of the page where the balance sheets can be found in the financial statements?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
Muhammad Zubairy, CPA Valley Stream, NY April 2, 2024
MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to the 2025 Mr. Sandless FDD, one of the pages where balance sheets can be found is titled "MR. SANDLESS FRANCHISE, LLC BALANCE SHEETS". This page is included within Item 21, which covers the financial statements of the company. Franchisees can review this balance sheet to gain insight into the financial health and stability of Mr. Sandless.
Balance sheets provide a snapshot of a company's assets, liabilities, and equity at a specific point in time. By examining the balance sheets, prospective franchisees can assess Mr. Sandless's ability to meet its financial obligations and support its franchisees. This information is crucial for making an informed investment decision.
It is important to note that the FDD includes financial statements audited by different CPA firms for different periods. For example, Muhammad Zubairy, CPA, audited the balance sheets as of December 31, 2023 and 2022, while Monis J. Siddiqui, CPA P.C., audited the balance sheets as of December 31, 2022 and 2021. This means that multiple balance sheets from different periods are available for review within the FDD.