Until what date did Bath Tune Up evaluate subsequent events for the financial statements?
Bath_Tune_Up Franchise · 2025 FDDAnswer from 2025 FDD Document
10. SUBSEQUENT EVENTS
Subsequent events have been evaluated by the Company through February 14, 2025, the date these Financial Statements were available to be issued. No subsequent events have occurred that would require recognition on the Financial Statements or disclosure in the Notes to Financial Statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 51–52)
What This Means (2025 FDD)
According to Bath Tune Up's 2025 Franchise Disclosure Document, the company evaluated subsequent events through February 14, 2025. This is the date the financial statements were available to be issued. During this evaluation period, Bath Tune Up determined that no subsequent events occurred that would necessitate recognition in the financial statements or disclosure in the notes to the financial statements.
This evaluation of subsequent events is a standard accounting practice. It ensures that the financial statements reflect the most up-to-date information available before they are released. Subsequent events are those that occur between the balance sheet date and the date the financial statements are issued. These events can have a material impact on the company's financial position and performance, and therefore must be carefully considered.
For a potential Bath Tune Up franchisee, this means that the financial statements provided in the FDD have been reviewed for any significant events that occurred after the close of the fiscal year. This provides a higher level of confidence in the accuracy and completeness of the financial information presented. It's important for franchisees to review these financial statements and understand the company's financial performance before making an investment decision.