factual

What is the latest year for which audited financial statements are included for Cilantro Taco Grill?

Cilantro_Taco_Grill Franchise · 2024 FDD

Answer 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.

Our fiscal year end is December 31.

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 as of December 31, 2023, and December 31, 2022. Because CTG Franchise LLC has not been in business for three years, the FDD does not include the three prior years of audited financial statements typically required.

For a prospective franchisee, this means they can review the company's financial performance for the past two years to gain insight into its financial stability and growth. Examining these statements can help potential franchisees assess the franchisor's financial health and make informed decisions about investing in a Cilantro Taco Grill franchise.

It's important to note that the FDD only includes two years of financial statements due to the company's limited operating history. A potential franchisee might want to consider this when evaluating the franchise opportunity, as a longer financial history could provide a more comprehensive understanding of the company's performance over time. They may also want to ask for more information to become comfortable with the opportunity.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.