For Bang Cookies, what time period does 'Calendar Year' refer to?

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. This definition is important for interpreting any financial performance data presented in the FDD that is organized by calendar year.

For a prospective Bang Cookies franchisee, understanding this definition is crucial when reviewing Item 19, which provides financial performance representations. If Bang Cookies presents data based on 'Calendar Year,' you'll know that the figures cover the period from January 1 to December 31 of the specified year. This allows for a standardized comparison of financial performance across different years or different Bang Cookies locations.

For example, the FDD mentions that during the 2023 Calendar Year, Bang Cookies had four Company Owned Outlets. Three of these were open and operating for the full calendar year. Knowing the definition of 'Calendar Year' clarifies that this data encompasses the period from January 1, 2023, to December 31, 2023. This level of clarity is essential for making informed decisions about investing in a Bang Cookies franchise.