When does Anago's fiscal year end?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
For the years ended December 31, 2023, 2024, 2023, and 2022 depreciation expense totaled $38,894, $43,881, and $22,468, respectively.
We may request that You prepare and submit an annual balance sheet and income statement, within 90 days of the end of the fiscal year prepared in accordance with Generally Accepted Accounting Principles. Each annual statement must be accompanied by an unqualified review opinion from an independent certified public accountant acceptable to Us, and must be signed by You or by Your Treasurer or Chief Financial Officer attesting that the financial statements are correct and fairly present Your financial position at and for the times indicated. You will also supply to Us, if requested, copies of Your federal and state income tax returns at the time these returns are filed with the appropriate tax authorities. The financial statements and/or other periodic reports described above must be prepared to segregate the income and related expenses of the Anago Unit Franchise from those of any other business that You conduct.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is relevant for franchisees because Anago may request annual financial statements within 90 days of the fiscal year's end. These statements must adhere to Generally Accepted Accounting Principles and include a review opinion from an independent certified public accountant.
Specifically, Anago franchisees may need to submit an annual balance sheet and income statement. These documents provide a snapshot of the franchisee's financial performance and position. Anago uses these statements to monitor the financial health of its franchisees and the overall franchise system.
Moreover, the financial statements must separate the Anago unit franchise's income and expenses from any other business activities the franchisee is involved in. Franchisees should be prepared to provide these statements and potentially their federal and state income tax returns if requested by Anago.