Does Stretch Zone provide financial statements for years prior to 2022?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — ITEM -21 FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to the 2025 Stretch Zone FDD, the provided financial statements include data for the years 2022, 2023, and 2024. Specifically, the Independent Auditor's Report covers 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, along with notes to the financial statements. Similarly, another report covers the balance sheets as of December 31, 2023 and 2022, with corresponding financial statements and notes.
While the 2025 FDD includes financial statements for 2022, 2023, and 2024, it does not contain financial statements for any years prior to 2022. This means that prospective franchisees reviewing the document will not have access to historical financial data from earlier years to assess long-term trends or performance.
For a comprehensive understanding of Stretch Zone's financial history, a prospective franchisee should consider requesting additional financial information from Stretch Zone for years preceding 2022. This would allow for a more thorough analysis of the company's financial performance over a longer period and could help in making a more informed investment decision.