Does Stretch Zone provide an unaudited balance sheet, and if so, what is the date of the balance sheet?
Stretch_Zone Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — ITEM -21 FINANCIAL STATEMENTS (FDD page 84)
What This Means (2025 FDD)
According to Stretch Zone's 2025 Franchise Disclosure Document, the company provides audited balance sheets. The independent auditor's report indicates that EisnerAmper LLP audited the financial statements of Stretch Zone Franchising, LLC, which include balance sheets as of December 31, 2024, and 2023. This means that the financial statements have been examined by an independent accounting firm, providing a higher level of assurance regarding their accuracy and reliability.
The auditor's opinion states that the financial statements present fairly the financial position of Stretch Zone Franchising, LLC 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 free from material misstatement and can be relied upon by prospective franchisees to make informed decisions.
Furthermore, the notes to the financial statements for December 31, 2024 and 2023, and December 31, 2023 and 2022, provide additional details about Stretch Zone Franchising, LLC's business, accounting policies, and financial condition. These notes offer further transparency and context to the balance sheet figures, aiding in a comprehensive understanding of the company's financial health.