For what years are the consolidated financial statements provided for My Salon Suite?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
Consolidated Financial Statements For the years ended December 31, 2023 and 2022
Source: Item 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the consolidated financial statements provided are for the years ended December 31, 2023, and December 31, 2022. This means the document includes an overview of the company's financial performance, position, and cash flows for these two specific years.
These statements offer a historical view of My Salon Suite's financial standing, which is crucial for potential franchisees. By examining these statements, prospective franchisees can assess the company's revenue, expenses, assets, liabilities, and overall profitability over the past two years. This information can help them understand the financial stability and growth trajectory of the franchisor.
Furthermore, the inclusion of these financial statements, audited by an independent auditor, adds credibility to the financial data presented. The independent auditor's report confirms that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This provides an additional level of assurance for prospective franchisees as they evaluate the financial health of My Salon Suite.