Do the financial statements of C3 Wellness Spa cover the year 2020?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
Attached as Exhibit D are our audited financial statements for the years ending 2021, 2022 and 2023. We were established on December 9, 2020, and our fiscal year ends on December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 58)
What This Means (2024 FDD)
According to C3 Wellness Spa's 2024 Franchise Disclosure Document, the attached financial statements cover the years ending 2021, 2022, and 2023. The document specifies that C3 Wellness Spa was established on December 9, 2020, and its fiscal year ends on December 31.
Because C3 Wellness Spa was established late in 2020 (December 9th), the financial statements provided do not include the year 2020. The financial statements start with the year ending in 2021.
Prospective franchisees should note that the absence of 2020 financial data may limit their ability to assess the company's early financial performance. It is common for FDDs to include several years of financial statements to provide a comprehensive view of the franchisor's financial health. Franchisees may want to request additional information to cover this gap.