As of what date are the consolidated balance sheets of Remax, LLC and subsidiaries provided?
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, the consolidated balance sheets of REMAX, LLC and subsidiaries are provided as of December 31, 2024 and 2023. These financial statements also include 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. These statements offer a snapshot of the company's financial health at those specific points in time.
For a prospective Remax franchisee, this information is crucial for assessing the financial stability and performance of the franchisor. Reviewing balance sheets from multiple years allows for the identification of trends and potential areas of concern. For example, consistent growth in assets and equity could indicate a healthy and expanding company, while increasing liabilities might raise questions about its financial management.
It is important to note that these are consolidated statements, meaning they reflect the combined financial performance of REMAX, LLC and its subsidiaries. While this provides a comprehensive view, it may not reveal the individual performance of specific business units or franchise operations. A potential franchisee should carefully examine these statements, ideally with the assistance of a financial advisor, to understand the overall financial picture of Remax and its implications for their investment.