Until what date were subsequent events evaluated for 7 Brew's financial statements?

According to 7 Brew's 2025 Franchise Disclosure Document, subsequent events related to the company's financial statements were evaluated through May 28, 2025. This date represents the cutoff for considering events that occurred after the balance sheet date (December 29, 2024, December 31, 2023, and December 25, 2022) but before the financial statements were available to be issued.

This evaluation is a standard accounting practice to ensure that the financial statements reflect the most current and accurate information available. Events occurring after the balance sheet date that provide additional evidence about conditions that existed at the balance sheet date, or that reveal uncertainties about the company's financial position, are typically disclosed or adjusted in the financial statements.

For a prospective 7 Brew franchisee, this date is important because it indicates how up-to-date the financial information is. Any significant events that occurred after May 28, 2025, would not be reflected in these financial statements. Therefore, it would be prudent for a potential franchisee to inquire about any material events that may have transpired after this date that could affect the company's financial performance or stability. The FDD also mentions that in fiscal year 2025, as of the date of these financial statements, 85 franchised stands and 3 Parent stands have opened, and that the company entered into franchise agreements in fiscal year 2025 that include the future development of 291 stands.