Does the FDD include a balance sheet for Mrcool?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
February 12, 2025
INDEPENDENT AUDITORS' REPORT
To the LLC Members MRCOOL Franchising, LLC Hickory, Kentucky
Opinion
We have reviewed the accompanying financial statements of MRCOOL Franchising, LLC (a Kentucky limited liability company), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income, members' equity and cash flows for the years then ended, and the related notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of MRCOOL Franchising, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended December 31, 2024 and 2023, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 54–55)
What This Means (2025 FDD)
According to Mrcool's 2025 Franchise Disclosure Document, the financial statements include balance sheets. Specifically, the independent auditor's report states that the financial statements comprise the balance sheets as of December 31, 2024 and 2023. This indicates that Mrcool provides balance sheets for these two years as part of their financial reporting.
The inclusion of balance sheets is a standard practice in franchise disclosure documents, as it provides potential franchisees with a snapshot of the company's assets, liabilities, and equity at a specific point in time. This information is crucial for assessing the financial health and stability of Mrcool.
Prospective franchisees should carefully review these balance sheets, along with the related statements of income, members' equity, and cash flows, to gain a comprehensive understanding of Mrcool's financial performance and position. Consulting with a financial advisor is recommended to properly interpret these statements and assess the financial risks and opportunities associated with investing in a Mrcool franchise.