When does the fiscal year end for Beem Light Sauna?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
Our fiscal year ends on December 31 of each year. As we acquired the franchise system in January 2025, Predecessor was the franchisor for fiscal years 2022, 2023, and 2024. In that period, Predecessor's affiliates owned and operated Studios, which we have categorized as "Affiliate-Owned Studios" in this Item 20. After our acquisition of the system, those Affiliate-Owned Studios became Franchised Studios operated under an arms-length agreement with us.
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 66–70)
What This Means (2025 FDD)
According to Beem Light Sauna's 2025 Franchise Disclosure Document, the company's fiscal year concludes on December 31st of each year. This is a standard practice for many businesses, as it aligns with the calendar year, simplifying accounting and tax reporting processes.
For a prospective Beem Light Sauna franchisee, understanding the fiscal year-end is important for several reasons. It dictates the periods for which financial performance is measured and reported, which can influence business planning and strategy. Additionally, it sets the timeline for tax obligations and any financial reporting required by the franchisor.
Furthermore, knowing the fiscal year-end helps franchisees interpret the financial information provided in the FDD, particularly Item 19 (Financial Performance Representations) and Item 21 (Financial Statements). This knowledge ensures that franchisees can accurately assess the financial health and performance trends of Beem Light Sauna and its franchise system.