What is the fiscal year end for the Parent company of 1 800 Packouts?
1_800_Packouts Franchise · 2025 FDDAnswer from 2025 FDD Document
During the year ended December 31, 2024, the Company entered into a settlement agreement.
Goodwill and intangible assets consist of the following as of December 31:
On January 31, 2022, the Company entered into a securities purchase agreement to acquire 100% of the equity interests in 1-800-Packouts, LLC (Packouts).
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 65–66)
What This Means (2025 FDD)
According to the 2025 FDD, 1 800 Packouts' parent company, FS PEP Holdco, LLC, acquired 100% equity interest in 1-800-Packouts, LLC on January 31, 2022. The FDD also mentions that during the year ended December 31, 2024, the company entered into a settlement agreement. Additionally, the document refers to goodwill and intangible assets as of December 31.
Based on this information, the fiscal year end for 1 800 Packouts and its parent company is December 31. This is a common practice, as many companies align their fiscal year with the calendar year for ease of accounting and reporting.
For a prospective franchisee, understanding the franchisor's fiscal year end can be helpful for interpreting the financial statements provided in the FDD and for aligning their own business planning and reporting with the franchisor's schedule.