What is the fiscal year end for Cilantro Taco Grill?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
We have 13 Cilantro Taco Grills outlets that are owned and operated by our affiliates that have been open and operating for at least 12 months. We have included the financial representations for these outlets for the fiscal year ending December 31, 2023 below.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2024 FDD)
According to the 2024 Franchise Disclosure Document, Cilantro Taco Grill's fiscal year ends on December 31. This is relevant to prospective franchisees because the financial performance representations provided in Item 19 are based on this fiscal year. Specifically, the financial representations included in the FDD are for the fiscal year ending December 31, 2023.
Understanding the fiscal year-end is important for interpreting the financial data presented in the FDD. Franchisees can use this information to benchmark their own performance against the reported figures and to understand the financial cycles of the business. Knowing that the data is compiled annually ending on December 31 allows franchisees to align their financial planning and analysis with the franchisor's reporting schedule.
This information is typically used to assess the financial health and potential profitability of a Cilantro Taco Grill franchise. Franchisees should review these figures carefully and consider how they might apply to their specific location and business circumstances. It is also important to note that past performance is not necessarily indicative of future results, and franchisees should conduct their own due diligence and consult with financial advisors before making any investment decisions.