Does Exhibit C include statements of cash flow 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 consolidated financial statements of Remax, LLC and its subsidiaries. These statements include consolidated balance sheets as of December 31, 2024, and 2023, as well as 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.
For a prospective franchisee, this means that Exhibit C provides a detailed look into Remax's financial performance over the past three years. The inclusion of cash flow statements is particularly important as it shows how Remax has generated and used cash during that period, which is a key indicator of financial health.
In addition to the financial statements, Exhibit C also contains RE/MAX, LLC's Guarantee of Performance. This guarantee is significant because REMAX, LLC guarantees RE/MAX Integrated Regions, LLC's obligations under the Franchise Agreement.