What were the total assets for Mr. Sandless as of December 31, 2022?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
Opinion
We have audited the financial statements of Mr. Sandless Franchise, LLC which comprises the balance sheets as of December 31, 2022, and 2021, 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, 2022, and 2021, 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)
Based on the 2025 Franchise Disclosure Document, the financial statements of Mr. Sandless Franchise, LLC were audited for the balance sheets as of December 31, 2022. However, the specific total asset value for Mr. Sandless as of December 31, 2022, is not explicitly detailed within the provided excerpts.
While the excerpts include auditor's reports and notes to the financial statements, they do not present a consolidated balance sheet that would list the total assets. The notes discuss items such as deferred franchise fees, related party transactions, and property and equipment, but these are components of the overall balance sheet and not the total asset figure itself. The auditor's report confirms that the financial statements present fairly the financial position of Mr. Sandless, implying that a full balance sheet exists.
A prospective franchisee should request a complete copy of Mr. Sandless's audited financial statements, including the balance sheet for December 31, 2022, to ascertain the company's total assets. This information is crucial for assessing the financial health and stability of the franchisor before making an investment decision.