Does Stretch Zone provide audited or unaudited financial statements in Exhibit M?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit M are our:
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- Unaudited Balance Sheet dated March 31, 2025 and Unaudited Profit and Loss Statement for the 3-month period from January 1, 2025 to March 31, 2025; and
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- Audited financial statements for fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022.
Source: Item 21 — ITEM -21 FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, Exhibit M includes both audited and unaudited financial statements. Specifically, the exhibit contains an unaudited balance sheet dated March 31, 2025, along with an unaudited profit and loss statement for the three-month period from January 1, 2025, to March 31, 2025.
In addition to the unaudited statements, Exhibit M also provides audited financial statements for the fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022. The inclusion of audited financial statements offers a higher level of assurance regarding the accuracy and reliability of the financial information presented, as these statements have been reviewed by an independent auditor.
For a prospective Stretch Zone franchisee, this means they have access to a range of financial data, some of which has been independently verified. Reviewing both the audited and unaudited statements can provide a more comprehensive understanding of Stretch Zone's financial performance and position. It is important to carefully examine these statements and consider consulting with a financial advisor to fully assess the financial health of the company.