What is the fiscal year end for Chocolate Bash Franchising LLC?
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 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2024 FDD)
According to the 2024 Chocolate Bash Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 21, which discusses the company's financial statements. The FDD includes audited financial statements from December 31, 2021, December 31, 2022, and December 31, 2023.
For a prospective Chocolate Bash franchisee, the fiscal year-end is an important detail for understanding the financial reporting and operational cycles of the company. It dictates the period over which Chocolate Bash measures and reports its financial performance. This information is essential for comparing Chocolate Bash's financial data with other franchises or businesses that may have different fiscal year-ends.
Knowing the fiscal year-end also helps franchisees align their own accounting practices and reporting with Chocolate Bash. This ensures consistency in financial reporting and facilitates accurate benchmarking and performance evaluation. Franchisees can use this information to better understand the timing of financial reviews, audits, and other key financial events within the Chocolate Bash franchise system.
In summary, Chocolate Bash's fiscal year concludes on December 31, which is a standard calendar year-end. This detail is crucial for franchisees to understand the company's financial reporting schedule and to align their own financial practices accordingly.