According to Beauty Bungalows's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 21, which covers the financial statements of the company. This date is important because the financial statements included in the FDD, such as the balance sheets and statements of operations, are prepared as of this date.

For a prospective franchisee, understanding the franchisor's fiscal year-end is crucial for interpreting the financial data presented in the FDD. The financial statements provide a snapshot of Beauty Bungalows's financial health and performance over the past three fiscal years. Knowing that the fiscal year concludes on December 31 allows franchisees to align this information with broader economic trends and industry benchmarks that are typically reported on a calendar-year basis.

Moreover, the audit reports included in the FDD are also based on this fiscal year-end. The independent auditors' opinions on the financial statements are as of December 31 for each of the reported years. This ensures that the financial data has been reviewed and verified by an independent party, providing a level of assurance to potential investors and franchisees. The subsequent event evaluations, which assess events occurring after the balance sheet date, are also tied to this fiscal year-end, providing further context for the financial statements.

In summary, Beauty Bungalows's December 31 fiscal year-end is a key reference point for understanding and evaluating the financial information presented in the FDD. It allows prospective franchisees to accurately assess the company's financial performance and stability, which is essential for making an informed investment decision.