What date represents when the consolidated financial statements were available to be issued for 1 800 Packouts?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
Management has evaluated events and transactions for potential recognition or disclosure through April 23, 2025, which is the day the consolidated financial statements were available to be issued.
Source: Item 23 — RECEIPT (FDD pages 67–238)
What This Means (2025 FDD)
According to 1 800 Packouts's 2025 Franchise Disclosure Document, the consolidated financial statements were available to be issued on April 23, 2025. This date is significant because it marks the cutoff for management's evaluation of events and transactions that might require recognition or disclosure in the financial statements. In other words, any events or transactions occurring after April 23, 2025, would not be reflected in the financial statements included in the FDD.
For a prospective franchisee, this date provides context for understanding the financial information presented. It indicates how current the financial data is and whether any significant events that occurred after this date might affect the company's financial position. Reviewing the subsequent events note can give potential franchisees insight into any material changes or transactions that occurred after the balance sheet date but before the financial statements were issued.
It is common practice for franchisors to include financial statements in their FDDs, and these statements are typically audited or reviewed by an independent accounting firm. The availability date of the financial statements is an important piece of information for franchisees to consider when evaluating the financial health and stability of 1 800 Packouts. Franchisees should also pay attention to the period covered by the financial statements (e.g., the year ended December 31, 2024) to understand the timeframe of the data being presented.