When does the fiscal year end for C3 Wellness Spa?
C3_Wellness_Spa Franchise · 2024 FDDAnswer from 2024 FDD Document
- (b) Calendar Year means, as to each respective year, the 12 month period commencing on January 1 and ending 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 company defines "Calendar Year" as the 12-month period that starts on January 1 and ends on December 31.
For a prospective franchisee, this means that C3 Wellness Spa operates on a calendar year basis for its financial reporting. This is a fairly common practice among franchises, as it aligns with the standard annual cycle.
Understanding the fiscal year is important for franchisees because financial performance representations, such as those found in Item 19 of the FDD, are often presented on an annual basis. Franchisees can use this information to benchmark their performance against company-owned outlets or other franchise locations, as well as to plan their own financial strategies and projections.