What currency is used in the schedule of operating expenses for Central Bark Doggy Day Care?
Central_Bark_Doggy_Day_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
The financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
Source: Item 1 — Franchisee shall have paid all Royalty Fees, advertising fund contributions, LAC contributions, amounts owed for purchases by Franchisee from Franchisor, or Franchisor's affiliates, and all other amounts owed to Franchisor, Franchisor's affiliates, and third-party creditors, and shall have submitted to Franchisor all required reports and statements; (FDD pages 106–233)
What This Means (2025 FDD)
According to Central Bark Doggy Day Care's 2025 Franchise Disclosure Document, the financial statements are prepared in accordance with accounting principles generally accepted in the United States of America. This indicates that the currency used in their financial statements and schedule of operating expenses is the United States Dollar (USD).
For a prospective franchisee, this means that all financial figures presented in the FDD, including the estimated initial investment, ongoing fees, and revenue projections, are denominated in USD. This is important for budgeting and financial planning, especially for franchisees located outside of the United States, as they will need to consider currency exchange rates and potential fluctuations.
It is standard practice for US-based franchisors like Central Bark Doggy Day Care to report their financials in USD. Franchisees should always confirm the currency used in all financial documents and understand how currency exchange rates may impact their investment and profitability.