According to Red Wagon Club's 2024 Franchise Disclosure Document, the company is unable to provide three years of financial statements because it was formed on June 27, 2024. As a newly formed entity, Red Wagon Club does not have the operational history to present three years of financial data, which is a standard requirement for established franchisors. Instead of the three years of statements, the FDD includes Red Wagon Club's audited opening balance sheet as of July 16, 2024, as Exhibit D. The fiscal year end for Red Wagon Club is May 31.

The balance sheet shows Red Wagon Club's assets, liabilities, and equity as of July 16, 2024. The total assets amount to $90,000, which is held in a City National Bank account. The equity section reflects capital contributions totaling $90,000, with David Carrier and RJon Robins each contributing $45,000.

Prospective franchisees should note that the financial statements included in the FDD have been prepared without an audit, and no independent certified public accountant has expressed an opinion on their content or form. This is typical for new franchisors, but it means that the franchisee must place more weight on their own due diligence when evaluating the financial condition of Red Wagon Club. It is important for potential franchisees to carefully review the provided balance sheet and consider seeking professional financial advice to assess the financial stability and future prospects of Red Wagon Club.