When does Better Blend's fiscal year end?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
| 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 23 — RECEIPTS (FDD pages 43–157)
What This Means (2024 FDD)
According to the 2024 Better Blend Franchise Disclosure Document, the company's fiscal year ends on December 31st. The FDD includes audited financial statements for the year ended December 31, 2023, and an audited balance sheet as of December 31, 2022.
For a prospective franchisee, this means that Better Blend's financial performance is assessed and reported on a calendar year basis. Understanding the fiscal year-end is important for reviewing the franchisor's financial statements and assessing the overall financial health of the company.
This information is typically included in the FDD to provide transparency and allow potential franchisees to make informed decisions. Reviewing these financial statements can help franchisees understand Better Blend's revenue, expenses, and profitability over the past few years.