As of what date are the consolidated balance sheets of Remax, LLC and subsidiaries presented?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — Financial Statements (FDD page 108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the consolidated balance sheets of Remax, LLC and its subsidiaries are presented as of December 31, 2024, and December 31, 2023. These balance sheets, along with related financial statements, are included as Exhibit C to the FDD.
These financial statements offer prospective franchisees insight into Remax's financial health over the past three years. By reviewing these documents, potential franchisees can assess Remax's assets, liabilities, and equity, which can help them make informed decisions about investing in a Remax franchise.
It is important for potential franchisees to carefully review these financial statements and consult with a financial advisor to understand the implications of Remax's financial performance. Understanding the franchisor's financial stability is a critical part of the due diligence process before investing in any franchise.