Where can I find the statements of operations for Cd One Price Cleaners?
Cd_One_Price_Cleaners Franchise · 2025 FDDAnswer from 2025 FDD Document
d | | | | | | financing activities: | | | | | | Initial recognition of right-of-use asset and | | | | | | operating lease liability | $ | - | $ | 338,291 | | Capital contribution of investments | $ | - | $ | 125,944 |
1. Summary of Significant Accounting Policies
Fiscal Year – The Company's fiscal year ends on the last Friday in December. Fiscal year 2024 contained fifty-two weeks and fiscal year 2023 contained fifty-two weeks.
Description of Business – Cleaners Depot Franchise, LLC (a Nevada Limited Liability Company) is engaged in the franchising of an innovative dry cleaning and laundry "superstore" concept, where all garments are dry cleaned for one low price with same-day or next-day service at no extra charge. As part of its franchise offering, the franchisor provides the franchise owner with the additional option of offering residential pickup and delivery services as an additional convenience to customers. The stores, which operate under the trade name CD One Price Cleaners, offer a bright, clean, inviting retail environment with an open view of the plant-on-premises production area at plant/store locations. The Company also franchises smaller, non-production, satellite store locations.
Additionally, the Company provides management and administrative support to affiliated entities involved in the operation, support and development of CD One Price Cleaners locations.
As of December 27, 2024, the Company had 52 locations open in the United States, all of which are franchise locations.
Source: Item 21 — Financial Statements (FDD page 72)
What This Means (2025 FDD)
According to the 2025 FDD, Item 22 includes the contracts and summary of significant accounting policies for Cleaners Depot Franchise, LLC, which franchises Cd One Price Cleaners. The document states that the company's fiscal year ends on the last Friday in December. For example, fiscal year 2024 contained fifty-two weeks and ended on December 27, 2024, while fiscal year 2023 also contained fifty-two weeks.
The summary describes the business as franchising an innovative dry cleaning and laundry "superstore" concept where all garments are dry cleaned for one low price with same-day or next-day service at no extra charge. These stores operate under the trade name Cd One Price Cleaners. The company also franchises smaller, satellite store locations. Additionally, Cleaners Depot Franchise, LLC provides management and administrative support to affiliated entities involved in the operation, support, and development of Cd One Price Cleaners locations.
The FDD also mentions that the preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, and operations. These estimates could differ from actual results. The company records investments at fair value, and the ultimate realization of these investments depends on future economic factors. Cash consists of bank deposits in federally insured accounts; on December 27, 2024, deposits in excess of federally insured limits totaled $20,802.