Where can I find the consolidated balance sheets of Remax, LLC and subsidiaries?
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 as of December 31, 2024 and 2023, along with related financial statements, are included as Exhibit C to the FDD. This exhibit 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.
As a prospective franchisee, reviewing these financial statements is crucial for understanding Remax's financial health and stability. The balance sheets provide a snapshot of the company's assets, liabilities, and equity at specific points in time, while the income statements reveal the company's profitability over a period. Cash flow statements illustrate how the company generates and uses cash, and the statement of member's equity shows changes in the ownership structure.
Exhibit C also includes RE/MAX, LLC's Guarantee of Performance. This guarantee is significant because it indicates that REMAX, LLC is backing RE/MAX Integrated Regions, LLC's obligations under the Franchise Agreement. This provides an additional layer of security for franchisees, as the parent company is committed to ensuring the subsidiary fulfills its contractual duties.
It is important for potential franchisees to carefully examine these financial statements and the guarantee to assess the financial risks and rewards associated with investing in a Remax franchise. Consulting with a financial advisor or accountant is recommended to fully understand the implications of these documents.