Through what date have subsequent events been evaluated 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, subsequent events related to the financial statements have been evaluated through April 28, 2024. This is the date the financial statements were available to be issued.
This means that Cilantro Taco Grill has reviewed events and transactions that occurred after the close of their fiscal year up to April 28, 2024, to ensure that these events do not require any adjustments or additional disclosures in the financial statements. For a potential franchisee, this provides some assurance that the financial information presented in the FDD reflects the most current and accurate picture of the franchise's financial health.
The disclosure indicates that no significant events or transactions were identified that would necessitate adjustments to the financial statements. This suggests stability and a lack of major unforeseen issues that could impact the financial standing of Cilantro Taco Grill. A prospective franchisee can take comfort in knowing that the financial statements have been vetted for any material subsequent events up to this date.