Is the fiscal year end for Big Apple Bagels December 31st?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
As of November 30, 2024, our last fiscal year-end, there were 12 My Favorite Muffin franchises operating.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 86)
What This Means (2025 FDD)
According to Big Apple Bagels's 2025 Franchise Disclosure Document, the last fiscal year-end was November 30, 2024. This indicates that Big Apple Bagels's fiscal year does not end on December 31st. Instead, it concludes on November 30th.
For a potential Big Apple Bagels franchisee, this is relevant for understanding the financial reporting periods of the company. The franchisee will need to align their accounting practices and reporting with this fiscal year-end to accurately assess their franchise's performance in relation to the franchisor's financial data.
Knowing the fiscal year-end is also crucial for budgeting, tax planning, and comparing financial performance against previous years. Franchisees should request and review the financial reports available from Big Apple Bagels to gain insights into the company's financial health and marketing fund expenditures, particularly in relation to the November 30th year-end.