Are the Spray Net financial statements included as Exhibit C?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: April 21, 2025
I have received a Franchise Disclosure Document with an Issuance Date of April 21, 2025, which contained the following Exhibits:
A: Franchise Agreement B: Operations Manual Table of Contents C: Financial Statements D: List of State Administrators E: List of Agents for Service of Process F: State Specific Addenda G: List of Franchises H: List of Former Franchisees I: Sample Release Agreement J: State Effective Dates
K: Receipts
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 are included as Exhibit C. The receipt included as Exhibit K in the FDD confirms that the document contains several exhibits, including Exhibit C: Financial Statements. This indicates that prospective franchisees can review Spray Net's financial performance and stability as part of their due diligence process.
Exhibit C, titled "FINANCIAL STATEMENTS," is explicitly listed among the exhibits provided in the FDD. This inclusion is standard practice in franchising, as it allows potential franchisees to assess the franchisor's financial health. The financial statements typically include balance sheets, income statements, and cash flow statements, providing a comprehensive overview of the company's financial performance over the past few years.
Prospective Spray Net franchisees should carefully examine Exhibit C to understand the company's revenues, expenses, profits, assets, and liabilities. They should also pay attention to any notes or qualifications included in the financial statements, as these may provide additional context or highlight potential risks. Consulting with a financial advisor or accountant is advisable to fully interpret the financial statements and assess the financial viability of investing in a Spray Net franchise.
In addition to Exhibit C, the FDD includes other exhibits such as the Franchise Agreement (Exhibit A), Operations Manual Table of Contents (Exhibit B), and List of State Administrators (Exhibit D). These exhibits provide further information about the franchise opportunity and the legal and operational aspects of the Spray Net franchise system. Reviewing all exhibits is crucial for making an informed decision about investing in a Spray Net franchise.