On what date did Buona's fiscal year end in 2023?

According to Buona's 2025 Franchise Disclosure Document, the company's fiscal year ended on December 31, 2023. This date is referenced in the context of financial statements, specifically the statements of cash flows, statements of operations, and statements of changes in members' equity for Chicago's Original Italian Beef Franchising LLC.

For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It sets the timeline for financial reporting, including the provision of annual financial statements that franchisees may want to review. It also aligns with the period used for calculating various financial performance metrics presented in Item 19 of the FDD.

Knowing the fiscal year-end helps franchisees contextualize the financial information provided by Buona and compare performance data across different periods. It also allows franchisees to align their own financial planning and reporting with that of the franchisor, facilitating a more consistent and accurate assessment of their business's performance within the Buona franchise system.