As stated in the Apricot Lane FDD, what is COUNTRY VISIONS' fiscal year end?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached hereto as Exhibit A are COUNTRY VISIONS' audited financial statements for the fiscal years ending December 31, 2024, December 31, 2023 and December 31, 2022. COUNTRY VISIONS' fiscal year end is December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
According to the 2025 Apricot Lane FDD, COUNTRY VISIONS' fiscal year ends on December 31. This is important for prospective franchisees to note because the financial statements provided in the FDD are audited for the fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022.
Understanding the franchisor's fiscal year-end helps franchisees contextualize the financial data presented. For example, revenue figures, advertising fund allocations, and other financial metrics are all reported on this annual cycle. Knowing the fiscal year-end allows a franchisee to align their own financial planning and analysis with the franchisor's reporting schedule.
This information is typically included in the FDD to provide transparency and allow potential franchisees to review the franchisor's financial performance over a consistent period. Reviewing these financial statements is a crucial step in assessing the financial health and stability of the Apricot Lane franchise system.