As of what date are the audited financial statements included in the Cilantro Taco Grill FDD?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
Subsequent events have been evaluated through April 28, 2024, which is the date the financial statements were available to be issued. No significant events or transactions were identified that would require adjustment to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2024 FDD)
According to the 2024 Cilantro Taco Grill Franchise Disclosure Document, the financial statements have been evaluated through April 28, 2024. This date represents when the financial statements were available to be issued.
This means that the financial information presented in the FDD includes all relevant financial events and transactions that occurred up to April 28, 2024. Any significant events or transactions that would require adjustment to the financial statements would have been identified and incorporated up to this date.
For a prospective franchisee, this date is important because it indicates the currency and reliability of the financial information provided. It assures them that the financial data reflects the most recent financial position of Cilantro Taco Grill, up to the point when the statements were finalized and ready for distribution.