Do the Spray Net financial statements include a balance sheet?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Spray-Net, Inc., which comprises the balance sheet as of December 31, 2024, 2023 and 2022 and the related statement of operations, and changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the financial statements include a balance sheet. The Independent Auditor's Report states that the audit of Spray-Net, Inc. includes a balance sheet as of December 31, 2024, 2023 and 2022.
This indicates that Spray Net provides a snapshot of its assets, liabilities, and equity for these years. A balance sheet is a standard financial statement that helps potential franchisees assess the company's financial health and stability.
Prospective franchisees can review the balance sheet to understand Spray Net's financial position over the past three years, which can inform their decision about investing in the franchise. Reviewing these statements can help a franchisee understand the overall financial health of Spray Net.