What is the last day of the fiscal year for Chatime?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit A are our audited financial statements, as of December 31, 2024. We have not been in business for three years or more and cannot include all the financial statements required by the FTC Rule for our last three fiscal years. Our fiscal year end is December 31.
Source: Item 21 — Financial Statements (FDD page 58)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is relevant for franchisees because Chatime's financial statements, which are included in the FDD, are audited as of December 31, 2024.
Knowing the fiscal year-end is also important because Chatime will make the advertising fund's financial statements available to franchisees within six months after the end of their fiscal year. This allows franchisees to review how advertising funds are being managed and spent.
Furthermore, several financial obligations and reports are tied to the fiscal year. Understanding this date helps franchisees align their own financial planning and reporting with Chatime's schedule.