What is the fiscal year end for Aira Fitness?

According to the 2025 Aira Fitness Franchise Disclosure Document, Aira Fitness Franchising LLC's fiscal year ends on December 31. This is based on the statement of cash flows provided in the document, which covers the years ended December 31, 2024, December 31, 2023, and December 31, 2022.

For a prospective franchisee, this means that Aira Fitness will likely require franchisees to align their accounting and reporting with this fiscal year end. Item 23 outlines that Aira Fitness has the right to require franchisees to have a fiscal year-end of December 31 to ensure uniform financial statements are submitted. This facilitates consistent financial reporting and analysis across all franchise locations.

Understanding the fiscal year-end is important for franchisees as it dictates the periods for which they must prepare and submit financial reports to Aira Fitness. Franchisees must furnish monthly gross sales reports and, upon request, monthly profit and loss statements, balance sheets, and annual profit and loss statements reflecting year-end adjustments. These reports enable Aira Fitness to monitor the financial performance of individual franchises and the overall network.

Adhering to Aira Fitness's fiscal year-end requirements ensures compliance with the franchise agreement and facilitates accurate financial reporting. Franchisees should be prepared to organize their accounting practices to align with the December 31 fiscal year-end to meet reporting deadlines and maintain good standing with the franchisor.