How is the 'Calendar Year' defined for Bee Organized financial reporting purposes?

According to Bee Organized's 2025 Franchise Disclosure Document, a 'Calendar Year' is defined as the 12-month period that starts on January 1 and ends on December 31 of that same year. This definition is crucial for understanding the financial performance representations provided in Item 19 of the FDD. Bee Organized uses this standard calendar year for tracking various financial metrics related to both company-owned and franchised outlets.

This definition impacts how Bee Organized categorizes new versus operational outlets. For example, if a Bee Organized franchise opens in February 2023, it's considered a 'New Franchise Outlet' for the 2023 calendar year. It would only be classified as an 'Operational Franchise Outlet' for the subsequent 2024 calendar year if it remained open throughout 2024. This distinction is important because financial performance data may be presented separately for new and operational outlets.

For a prospective franchisee, understanding this definition is essential for interpreting the financial performance data presented in Item 19. When reviewing the financial performance of existing Bee Organized outlets, pay close attention to whether the data represents a 'New' or 'Operational' outlet, as performance can vary significantly between these categories. Also, be aware that the financial information provided is not prepared on a basis consistent with generally accepted accounting principles.