What is the fiscal year end for Chocolate Bash?
Chocolate_Bash Franchise · 2024 FDDAnswer from 2024 FDD Document
| We have not been in business for three years or more, and therefore cannot include all | |
|---|---|
| financial statements required by the Franchise Rule of the Federal Trade Commission. Exhibit D | |
| contains our audited financial statements from 12/31/2023, 12/31/2022 and 12/31/2021. Our fiscal | |
| year end is December 31. |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 35–38)
What This Means (2024 FDD)
According to Chocolate Bash's 2024 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 20, which also mentions that the company hasn't been in business for three years or more, so they can't include all financial statements required by the Franchise Rule of the Federal Trade Commission.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It helps in interpreting the financial statements provided in the FDD, as these statements reflect the company's performance over the fiscal year. Knowing the fiscal year-end also allows franchisees to align their own financial planning and reporting with that of Chocolate Bash.
In this case, Chocolate Bash provides audited financial statements from 12/31/2023, 12/31/2022 and 12/31/2021. This information is crucial for potential franchisees to assess the financial health and stability of the Chocolate Bash franchise system before making an investment decision.