When does the fiscal year end for Bang Cookies?
Bang_Cookies Franchise · 2024 FDDAnswer from 2024 FDD Document
Attached as Exhibit D are our audited financial statements for 2023. We were established on January 19, 2023 and our fiscal year ends on December 31. Because we have not been franchising for three years or more, we do not have three years of audited financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 55–56)
What This Means (2024 FDD)
According to Bang Cookies's 2024 Franchise Disclosure Document, the company's fiscal year ends on December 31. The document states that the company was established on January 19, 2023. The financial statements attached as Exhibit D are audited for the year 2023.
Because Bang Cookies was established in 2023, the FDD notes that there are not three years of audited financial statements available. This is typical for newer franchises, as it takes time to build up a financial track record.
Prospective franchisees should be aware that the financial data available for Bang Cookies is limited due to its recent establishment. While the audited financial statements for 2023 provide some insight into the company's performance, it is important to consider this limited history when evaluating the franchise opportunity.