Is December 31st the end of the fiscal year for Bb.Q Chicken?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
Attached to this Disclosure Document as Exhibit A are our audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. Also attached are our unaudited financial statements as of February 28, 2025.
Our fiscal year end is December 31st.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is explicitly stated in Item 21, which discusses the company's financial statements.
Bb.Q Chicken includes audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022, as well as unaudited financial statements as of February 28, 2025, as part of their FDD. This information is important for prospective franchisees as it provides a clear understanding of the company's financial performance over the past three years and a snapshot of its current financial status.
Understanding the fiscal year-end is crucial for franchisees because many financial and reporting obligations are tied to this date. For example, franchisees may need to align their accounting practices with Bb.Q Chicken's fiscal year for consistency in financial reporting and performance evaluation. This alignment helps in accurately assessing the franchisee's performance against the franchisor's benchmarks and industry standards.