What date were the financial statements available to be issued for Cilantro Taco Grill?
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 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, the company's financial statements were available to be issued as of April 28, 2024. The FDD states that events after this date were evaluated, and no significant adjustments to the financial statements were required.
This date is important for prospective franchisees because it indicates how current the financial information is. Franchisees should consider this date when reviewing the financial statements, as any major events occurring after this date may not be reflected in the statements.
It is typical for franchisors to include a statement regarding the date through which subsequent events have been evaluated in their FDDs. This provides transparency to potential franchisees regarding the currency and reliability of the financial information presented.