What is the fiscal year end for Angry Chickz?
Angry_Chickz Franchise · 2025 FDDAnswer from 2025 FDD Document
Our audited financial statements as of December 31, 2024 and December 31, 2023 are attached as Exhibit G. Our fiscal year end is December 31. Exhibit G also includes our unaudited financial statements as of March 31, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Angry Chickz's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 21, which includes the audited financial statements as of December 31, 2024, and December 31, 2023. The document also contains unaudited financial statements as of March 31, 2025.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for evaluating the financial data presented in the FDD, as the financial statements are prepared as of that date. This allows franchisees to assess the financial health and performance of Angry Chickz over specific periods.
Knowing the fiscal year-end also helps franchisees align their own financial planning and reporting with that of the franchisor. This can be useful for budgeting, forecasting, and comparing their performance against the franchisor's overall financial results. Additionally, it provides a timeframe for when to expect updated financial information from Angry Chickz, which is essential for making informed business decisions.
In the franchise industry, a December 31 fiscal year-end is a common practice, as it aligns with the calendar year. This makes it easier for businesses to track and compare their financial performance over consistent annual periods. Franchisees should be aware of this date and its implications for their own financial management and reporting.