Were the financial statements for Stretch Zone audited?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
EisnerAmper LLP
505 South Flagler Drive Suite 900 West Palm Beach, FL 33401 T 561.832.9292 F 561.832.9455
INDEPENDENT AUDITORS' REPORT
To the Member of Stretch Zone Franchising, LLC:
Report on the Audit of the Financial Statements
Opinion
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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America ("GAAS"). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
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 financial statements have been audited by EisnerAmper LLP. The Independent Auditors' Report states that EisnerAmper LLP audited 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.
The report includes the opinion of the auditors that the financial statements of Stretch Zone Franchising, LLC present fairly, in all material respects, the financial position 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.
The auditors conducted their audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Their responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of the report. The auditors are required to be independent of the company and to meet their other ethical responsibilities, in accordance with the relevant ethical requirements relating to their audits. They believe that the audit evidence they have obtained is sufficient and appropriate to provide a basis for their audit opinion.
It's important for a prospective franchisee to review these audited financial statements and the accompanying notes carefully to understand Stretch Zone's financial performance and position. Understanding the auditor's opinion and any qualifications or concerns raised is also crucial in assessing the financial health and stability of the franchisor.