Are the financial statements in the 1 800 Packouts FDD presented on a calendar year basis?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
FS PEP HOLDCO, LLC and SUBSIDIARIES
Consolidated Financial Statements As of December 31, 2024 and 2023 and For the Years Then Ended
Independent Auditors' Report
(1) To the Board of Managers of FS PEP Holdco, LLC
Opinion
We have audited the accompanying consolidated financial statements of FS PEP Holdco, LLC and subsidiaries (collectively, the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, members' equity, and cash flows for the years then ended, and the related notesto consolidated financialstatements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements for 1 800 Packouts are indeed presented on a calendar year basis. The consolidated financial statements of FS PEP Holdco, LLC and subsidiaries, which include 1-800-Packouts, are provided as of December 31, 2024 and 2023, and for the years then ended. This indicates that the financial reporting period aligns with the calendar year, starting on January 1 and ending on December 31.
This is a common practice for businesses as it simplifies tax reporting and allows for easier comparison of financial performance across different periods. For a prospective 1 800 Packouts franchisee, this means that the financial data presented in the FDD, such as balance sheets, income statements, and cash flow statements, reflect the company's financial activities from January 1 to December 31 for the years specified.
Furthermore, the independent auditor's report also references these dates, confirming that the audit covered the financial statements for the years ending December 31, 2024 and 2023. This alignment with the calendar year provides clarity and consistency in the financial information provided to potential franchisees, making it easier to understand the financial health and performance of 1 800 Packouts.