What is the earliest year for which audited financial statements are included for Cilantro Taco Grill?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
CTG Franchise LLC has not been in business for 3 years, therefore we are not able to include the 3 prior years of audited financial statements normally required by this Item 21. Our audited financial statements as of December 31, 2023 and December 31, 2022 are included in Exhibit D.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, Cilantro Taco Grill includes audited financial statements dating back to December 31, 2022. Because the company has not been in business for three years, the FDD does not include the three prior years of audited financial statements typically required.
This means that prospective franchisees can review the financial performance of Cilantro Taco Grill for the 2022 and 2023 fiscal years. These statements can provide insights into the company's financial stability and performance over its early years of operation.
It is important for potential franchisees to carefully examine these financial statements and discuss any questions or concerns with the franchisor or a financial advisor. Understanding the franchisor's financial health is a crucial part of the due diligence process before investing in a franchise.