What years are covered by the audited financial statements for Mrcool?
Mrcool Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit D are our audited financial statements as of December 31, 2024 and December 31, 2023 and December 31, 2022. We were established on August 20, 2021 and our fiscal year ends on December 31. Because we have not been franchising for three years or more, we do not have three years of audited financial statements.
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 as of December 31, 2024, December 31, 2023, and December 31, 2022. The company was established on August 20, 2021, and its fiscal year ends on December 31.
Because Mrcool has not been franchising for three years or more, the company does not have three years of audited financial statements. This is a common situation for newer franchises, as the FDD requires audited statements for the past three fiscal years if the franchise has been operating that long.
Prospective franchisees should carefully review these financial statements to understand Mrcool's financial performance and stability. It is important to note that past performance is not necessarily indicative of future results, but the statements do provide insight into the company's operations and financial health.