Does the FDD include pro forma financial statements 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)
Based on the 2025 Mrcool Franchise Disclosure Document, there is no inclusion of pro forma financial statements. The document includes the independent auditor's report and the company's financial statements, such as balance sheets, statements of income, members' equity, and cash flow statements for the years 2024 and 2023.
The auditor's report indicates that the financial statements of Mrcool Franchising, LLC are presented fairly and in accordance with accounting principles generally accepted in the United States of America. The report outlines the responsibilities of both the management and the auditors in preparing and auditing these financial statements.
While the FDD provides a review of Mrcool's past financial performance, it does not offer any forward-looking financial projections or pro forma statements for potential franchisees. Therefore, prospective franchisees will not find any estimated financial performance data within the FDD itself and should seek further information from Mrcool regarding potential financial outcomes.