What is the significance of Beverly Anns Cookie's fiscal year end date?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Franchise Agreements Signed But Outlet Not Opened | Projected New | Projected New Company-Owned Outlets in the Next Fiscal Year | |---|---|---|---| | State | | Franchised Outlets in the Next Fiscal Year | | | Alabama | 0 | 1 | 0 | | Georgia | 0 | 1 | 0 | | Indiana | 0 | 2 | 0 | | Iowa | 0 | 1 | 0 | | Kentucky | 0 | 2 | 0 | | Mississippi | 0 | 1 | 0 | | Missouri | 0 | 1 | 0 | | Nebraska | 0 | 1 | 0 | | Texas | 0 | 3 | 0 | | Utah | 0 | 1 | 0 | | Wisconsin | 0 | 1 | 0 | | Totals | 0 | 15 | 0 | The names, addresses, and telephone numbers of our current franchisees are attached to this Franchise Disclosure Document as Exhibit F. The name and last known address and telephone number of every current franchisee and every franchisee who has had Beverly Ann's Cookies Franchise terminated, cancelled, not renewed, or otherwise voluntarily or involuntarily ceased to do business under our franchise agreement during the one year period ending December 31, 2024, or who has not communicated with us within ten weeks of the Issuance Date of this Franchise Disclosure Document, is listed in Exhibit F. In some instances, current and former franchisees may sign provisions restricting their ability to speak openly about their experiences with the Beverly Ann's Cookies System.
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 31st. This date is significant for several reasons.
First, Beverly Anns Cookie uses this date to determine which franchisees are listed in Exhibit F of the FDD. Specifically, Exhibit F includes franchisees who have left the system (through termination, cancellation, non-renewal, or ceasing business) during the one-year period ending December 31, 2024. This allows prospective franchisees to contact former franchisees to learn about their experiences.
Second, the December 31st year-end date is used to calculate certain financial disclosures within the FDD. For example, Item 8 notes that during the last fiscal year, ended December 31, 2024, Beverly Anns Cookie did not receive any revenue from required franchisee purchases. Similarly, Item 5 states that during the last fiscal year ended December 31, 2024, Beverly Anns Cookie did not collect any Initial Franchise Fees. These figures provide a snapshot of the franchisor's financial activity during that period, which can be helpful for potential franchisees evaluating the financial health and revenue streams of Beverly Anns Cookie.