What is the fiscal year end for Beverly Anns Cookie?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
We estimate that approximately 70% of purchases required to open your Beverly Ann's Cookie Franchise and 30% of purchases required to operate your Beverly Ann's Cookie Franchise will be from us or from other approved suppliers or under our specifications. During our last fiscal year, ended December 31, 2024, we received did not receive any revenue from these required purchases.
Initial Franchise Fee
You must pay us an initial franchise fee ("Initial Franchise Fee") of $15,000 when you sign the Franchise Agreement or you may choose to defer the Initial Franchise Fee for three years. If you choose the deferral, the Initial Franchise Fee will be due in full three years after you sign the Franchise Agreement. The Initial Franchise Fee is payment for all of our pre-opening assistance that we provide to allow you to open your Beverly Ann's Business and also offsets some of our franchisee recruitment expenses. Each Franchise Agreement will grant you the right to operate one GRM or GRT and Additional Equipment (if offered) in the Protected Territory. If you desire to operate more than one GRM or GRT, you will be required to purchase an additional Beverly Ann's Cookie Franchise for each GRM or GRT. The Initial Franchise Fee is due in full at the time you sign the Franchise Agreement(s), uniform, non-refundable, and deemed fully earned by us once paid. During our last fiscal year, ended December 31, 2024, we did not collect any Initial Franchise Fees.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 8 regarding restrictions on sources of products and services, as well as in Item 5 regarding initial fees.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for evaluating the franchisor's financial performance and can be relevant when reviewing financial statements or discussing financial performance with existing franchisees. The FDD references the fiscal year end when discussing revenues and fees collected during the last fiscal year.
Knowing the fiscal year-end can also help franchisees align their own business planning and financial reporting with that of Beverly Anns Cookie. This alignment can be beneficial for budgeting, forecasting, and understanding the franchisor's strategic priorities for the upcoming year. In the franchise industry, aligning with the franchisor's fiscal calendar is a common practice that facilitates better communication and coordination within the franchise system.