Besides the balance sheets, what other financial statements are included in Exhibit C for Remax, LLC?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
REMAX, LLC guarantees RE/MAX Integrated Regions, LLC's obligations under the Franchise Agreement. Attached to this disclosure document as Exhibit C are the consolidated balance sheets of REMAX, LLC and subsidiaries as of December 31, 2024 and 2023, and the related consolidated statements of income (loss), comprehensive income (loss), member's equity, and cash flows for each of the years in the three-year period ended December 31, 2024. Also attached to this disclosure document as Exhibit C is RE/MAX, LLC's Guarantee of Performance.
Source: Item 21 — Financial Statements (FDD page 108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, Exhibit C includes several consolidated financial statements for REMAX, LLC and its subsidiaries. In addition to the consolidated balance sheets as of December 31, 2024, and 2023, Exhibit C contains the consolidated statements of income (loss), comprehensive income (loss), member's equity, and cash flows for each of the years in the three-year period ended December 31, 2024.
These statements provide a comprehensive view of Remax's financial performance and position. The statement of income (loss) shows the company's profitability over the three-year period. The statement of comprehensive income (loss) includes changes in equity from transactions and other events from non-owner sources. The statement of member's equity details changes in the equity of the company's members. Finally, the statement of cash flows illustrates the movement of cash both into and out of the company during the same period.
Prospective franchisees should carefully review all of these financial statements to understand Remax's overall financial health and stability. Understanding these statements can help potential franchisees assess the financial risks and opportunities associated with investing in a Remax franchise.