What is the fiscal year end for Caring Senior Service?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
The name, city, state and current business telephone number (or if unknown, the last known home telephone number) of every franchisee who had a business terminated, cancelled, not renewed or otherwise voluntarily or involuntarily ceased to do business under the Franchise Agreement during the most recently completed fiscal year ending December 31, 2024 or those who have not communicated with us within 10 weeks of the issuance date of this disclosure document are listed in Exhibit D to this Disclosure Document. If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2025 FDD)
According to the 2025 FDD, Caring Senior Service's fiscal year ends on December 31. This is explicitly stated in Item 20, which discusses franchisee information related to the most recently completed fiscal year. Specifically, the document mentions information about franchisees who ceased operations during the fiscal year ending December 31, 2024.
This means that Caring Senior Service uses a calendar year for its financial reporting. Potential franchisees should be aware of this when planning their business operations and financial projections. Aligning their business plans with the calendar year will simplify financial tracking and reporting to the franchisor.
Furthermore, the independent auditor's report included in Item 23 covers the financial statements as of December 31, 2024, 2023, and 2022, reinforcing that Caring Senior Service operates on a calendar fiscal year. This consistency in financial reporting is important for franchisees as they review historical financial data and assess the overall financial health of the Caring Senior Service franchise system.