When does the fiscal year end for Aerus?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
7-10% per annum, have original terms of three to five years, and are unsecured. In 2020, Aerus began financing notes to franchisees for fees paid to become a Beyond Franchise (entitles franchise to sell items not available to other franchises). For the year ended December 31, 2024 and 2023, $24,175 and $39,980 notes were financed by the Company, respectively. These notes do not bear interest.
Notes to Financial Statements December 31, 2024
Note 6 – Related Party Transactions
For the year ended December 31, 2022 Aerus charged the Company $4,506,000 for certain corporate overhead services, which is included in administrative expenses. For the year ended December 31, 2023, this amount decreased to $3,285,000. For the year ended December 31, 2024, this amount decreased to $2,861,000.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in multiple sections related to the financial statements. For example, the document includes balance sheets as of December 31, 2024, and 2023, and statements of income, member's equity, and cash flows for the three years ending December 31, 2024.
This information is crucial for prospective franchisees as it provides a clear understanding of the periods for which Aerus reports its financial performance. Franchisees can use this knowledge to align their own financial planning and reporting with that of the franchisor. Knowing the fiscal year-end helps in interpreting the financial data presented in the FDD and comparing year-over-year performance.
Furthermore, the notes to the financial statements are dated December 31, 2024, reinforcing that this is the end of the company's fiscal year. Understanding the fiscal year-end is essential for assessing the financial health and stability of Aerus, which is a key factor in evaluating the franchise opportunity.