On what date does the fiscal year end for Bigfoot Forestry?
Bigfoot_Forestry Franchise · 2025 FDDAnswer from 2025 FDD Document
Our fiscal year ends on December 31st . Audited financial statements for Bigfoot Franchising, LLC for the fiscal years ended December 31, 2024 and December 31, 2023 are attached to this Disclosure Document as EXHIBIT "G". Because we have not been in existence for 3 years, we cannot provide all of the financial statements required by the FTC franchise disclosure guidelines.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 41)
What This Means (2025 FDD)
According to Bigfoot Forestry's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is important for franchisees because the financial statements provided in the FDD are for the fiscal years ended December 31, 2024, and December 31, 2023. These statements give prospective franchisees an overview of the company's financial performance.
Bigfoot Forestry includes these audited financial statements to provide transparency into their financial health. However, because Bigfoot Forestry has not been in existence for three years, they state that they cannot provide all of the financial statements required by the FTC franchise disclosure guidelines.
Understanding the fiscal year-end is also relevant to the Brand Fund, as any unspent monies in the Brand Fund during a fiscal year will be utilized in the following fiscal year. Additionally, an unaudited financial accounting of Brand Fund contributions and expenditures will be prepared annually and made available to franchisees upon request.