What is the date of the Stretch Zone Franchising, LLC Balance Sheet provided?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Stretch Zone Franchising, LLC (the "Company"), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in member's deficit, and cash flows for each of the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Stretch Zone Franchising, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 3 — Franchisee/Debtor's Warranties. (FDD pages 263–364)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, the company's balance sheets are provided as of December 31, 2024 and 2023. The independent auditor's report confirms that the financial statements audited include balance sheets for these two dates. This allows prospective franchisees to review the company's financial position at the end of those years.
The auditor's report indicates that Stretch Zone's financial statements present fairly the company's financial position as of December 31, 2024 and 2023, in accordance with accounting principles generally accepted in the United States of America. This opinion suggests that the financial statements are reliable and provide an accurate representation of the company's financial status for those years.
Additionally, the notes to the financial statements further elaborate on the company's financial situation. For example, the notes to the financial statements are for December 31, 2024 and 2023. Reviewing these dates helps a potential franchisee understand the recent financial history of Stretch Zone.