Does the Chop5 Salad Kitchen FDD include financial statements for the year 2020?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
Our fiscal year ends on December 31st. Audited financial statements of CHOP5 Franchise LLC for the fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021 are attached to this Disclosure Document as EXHIBIT "G".
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 50)
What This Means (2024 FDD)
According to the 2024 Chop5 Salad Kitchen FDD, the audited financial statements included are for the fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021. These financial statements are attached as EXHIBIT "G" to the Disclosure Document.
Therefore, the Chop5 Salad Kitchen FDD does not include financial statements for the year 2020. A prospective franchisee would not be able to review the company's financial performance for that specific year within the provided documents.
It is important for potential franchisees to review the included financial statements carefully to understand the franchisor's financial stability and performance trends over the years presented. If information from 2020 is crucial for making an informed decision, a prospective franchisee should consider requesting those specific financials from Chop5 Salad Kitchen directly.