How does Bee Organized define a 'Calendar Year' for financial reporting purposes?

According to Bee Organized's 2025 Franchise Disclosure Document, a 'Calendar Year' is defined as the 12-month period from January 1st to December 31st of each 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 to assess the performance of both company-owned and franchised outlets.

This definition impacts how Bee Organized categorizes franchise outlets for performance analysis. For example, the FDD distinguishes between 'New Franchise Outlets' and 'Operational Franchise Outlets' based on whether they were open before the start of a given calendar year. An outlet that opens in February 2023 is considered a 'New Franchise Outlet' for the 2023 calendar year, but if it remains open, it becomes an 'Operational Franchise Outlet' for the 2024 calendar year. This distinction is important because financial performance data is often presented separately for these two categories.

For a prospective franchisee, understanding this definition is essential for interpreting the financial performance data presented in Item 19. The FDD provides data for outlets that have been operating for different lengths of time (e.g., one to two full calendar years, three to five full calendar years). Knowing that a 'Calendar Year' runs from January 1 to December 31 allows a potential franchisee to accurately assess the performance of outlets with similar operating histories and to make informed decisions about their investment.