What are the years that are open for examination for Burneys Sweets More as of December 31, 2024?

According to Burneys Sweets More's 2025 Franchise Disclosure Document, the years open for examination by taxing authorities are December 31, 2022, December 31, 2023, and December 31, 2024. This determination is based on management's evaluation as of December 31, 2024. This relates to the company's income tax positions and whether they would be sustained upon examination by taxing authorities.

This means that for a potential Burneys Sweets More franchisee, the financial records for these years could be subject to review by tax authorities. This is a standard part of financial due diligence and risk assessment. It is important to note that management has evaluated and believes there are no material uncertain tax positions that would result in a liability for the company.

This information is relevant to prospective franchisees as it provides insight into the financial transparency and potential tax liabilities of Burneys Sweets More. While the company believes its tax positions are sound, the possibility of examination and potential adjustments always exists. Franchisees may want to discuss these open years with a financial advisor during their due diligence process.