Does the Cilantro Taco Grill FDD include financial statements as of December 31, 2022?

According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, the company includes audited financial statements as of December 31, 2023, and December 31, 2022, in Exhibit D. The FDD notes that because Cilantro Taco Grill has not been in business for three years, they are unable to include the three prior years of audited financial statements typically required. This indicates that the document does contain financial statements for the requested date.

These financial statements provide prospective franchisees with an overview of Cilantro Taco Grill's financial health and performance. By reviewing these statements, potential franchisees can assess the company's revenues, expenses, assets, and liabilities. This information is crucial for making an informed decision about investing in a Cilantro Taco Grill franchise.

The inclusion of audited financial statements for both 2023 and 2022 allows for a comparative analysis, enabling potential franchisees to identify trends and assess the company's growth and stability over time. While the FDD mentions that three years of statements are not available due to the company's limited operating history, the provided statements offer valuable insights into its financial condition during its early years.

It is important for prospective franchisees to carefully review these financial statements and consult with a financial advisor to fully understand the implications before making any investment decisions. Understanding the franchisor's financial stability is a key factor in assessing the overall risk and potential of the franchise opportunity.