What is the significance of July 11, 2024, in relation to Azal Coffee's financial statements?

According to Azal Coffee's 2024 Franchise Disclosure Document, the balance sheet included in Exhibit H is current as of July 11, 2024. This date is significant because it represents the point in time for which Azal Coffee's financial status is reflected in the provided balance sheet. This gives prospective franchisees a snapshot of the company's financial position at that specific date.

For a potential Azal Coffee franchisee, this means the balance sheet provides insight into the company's assets, liabilities, and equity as of July 11, 2024. Reviewing this balance sheet is crucial for assessing the financial health and stability of Azal Coffee before making a decision to invest in a franchise. It's important to note that financial conditions can change, so this is just one point in time to consider.

It is also important to note that Azal Coffee began offering franchises in July 2024. The balance sheet as of July 11, 2024, provides an early financial snapshot of the company as it begins its franchising operations. This could be useful for understanding the initial financial standing of the company as it embarks on its franchise expansion.