What was the total cash and restricted cash for Stretch Zone at the end of the earlier year?
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.
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 balance sheets as of December 31, 2024 and 2023 were audited. The earlier year of these two is December 31, 2023.
To determine the total cash and restricted cash for Stretch Zone at the end of 2023, we need to refer to the balance sheet. The balance sheet provides a snapshot of a company's assets, liabilities, and equity at a specific point in time. Cash and restricted cash are typically listed as current assets on the balance sheet.
However, the excerpt provided does not contain the balance sheet. Therefore, the total cash and restricted cash for Stretch Zone as of December 31, 2023, cannot be determined from this excerpt. A prospective franchisee should ask the franchisor for a copy of the balance sheet to find this information.