What is the fiscal year end for both Bft and Assetco?

According to Bft's 2025 Franchise Disclosure Document, both Bft and its parent company, Assetco, have a fiscal year that ends on December 31st of each year. This is explicitly stated in Item 21, which discusses the financial statements of Assetco and Bft's relationship to it.

For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for analyzing the financial data presented in the FDD, as the financial statements included are for the period ending on that date. This allows franchisees to assess the financial health and performance of Bft and its parent company, Assetco, based on consistent reporting periods.

Knowing the fiscal year-end also helps franchisees align their own financial planning and reporting with that of the franchisor. For example, franchisees can anticipate when Bft will release its annual financial performance data, which can be useful for benchmarking their own studio's performance and making informed business decisions. Additionally, it sets a timeframe for when franchisees might expect certain updates or changes related to fees, royalties, or other financial aspects of the franchise agreement.

Given that Assetco guarantees Bft's obligations as franchisor, understanding Assetco's financial standing is crucial. The provided financial statements for Assetco include balance sheets as of December 31, 2024 and 2023, along with related statements of operations, changes in member's equity, and cash flows for the year ended December 31, 2024, and the period from March 6, 2023, to December 31, 2023. This information allows potential franchisees to evaluate the guarantor's ability to support Bft's obligations under the franchise agreement.