How many years of audited financial statements are included for Mrcool?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
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 company includes audited financial statements for two years. The independent auditor's report indicates that the financial statements comprise balance sheets as of December 31, 2024, and 2023, along with related statements of income, members' equity, and cash flows for the years then ended. This allows prospective franchisees to review Mrcool's financial performance and position over a two-year period.
The inclusion of these audited financial statements is intended to provide transparency into Mrcool's financial health. A prospective franchisee can analyze trends in revenue, expenses, assets, and liabilities to assess the stability and profitability of the franchisor. This information is crucial for making an informed investment decision.
It is important for potential franchisees to carefully examine these financial statements and consult with a financial advisor to fully understand the implications. While two years of data provides some insight, reviewing additional financial information or comparing Mrcool's performance against industry benchmarks could offer a more comprehensive assessment.