What is considered a 'Calendar Year' for Bang Cookies, according to the FDD?

According to Bang Cookies's 2024 Franchise Disclosure Document, a 'Calendar Year' is defined as the 12-month period that starts on January 1 and ends on December 31 of the same year. This definition is important for understanding the financial performance representations provided in Item 19 of the FDD, as the financial data for Company Owned Outlets is presented on a calendar year basis.

Specifically, the FDD mentions that the company-owned outlet data is based on the 2023 calendar year. This means that the revenue, costs, and expenses detailed in the tables reflect the performance of those outlets during the period from January 1, 2023, to December 31, 2023. Prospective franchisees should keep this in mind when reviewing the financial performance representations, as it provides a consistent and standardized timeframe for evaluating the data.

Understanding the calendar year definition ensures that franchisees can accurately interpret the financial information presented and compare it to their own potential performance. It also helps in understanding the franchisor's reporting practices and the basis for the financial data provided.