What is Better Blend's fiscal year end?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
Item 21 FINANCIAL STATEMENTS
We have not been in business for three years or more, and therefore cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Exhibit F contains our audited financial statements for the year ended December 31, 2023, and our audited balance sheet as of December 31, 2022. Our fiscal year end is December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 21, which covers the company's financial statements. This information is important for prospective franchisees as it provides a clear understanding of the period for which Better Blend reports its financial performance.
Knowing the fiscal year-end helps franchisees align their own financial planning and reporting with that of the franchisor. It also allows them to better interpret the financial statements provided in the FDD, as these statements cover the period ending on December 31. This alignment is crucial for understanding the overall financial health and performance of Better Blend.
Most franchises operate on a calendar year, ending on December 31, but it is important to confirm this by reviewing the FDD. Understanding the fiscal year-end is essential for comparing financial data across different years and for assessing the financial stability and growth of Better Blend. Franchisees can use this information to make informed decisions about their investment and operational strategies.