How many years of audited financial statements are included in the Cilantro Taco Grill FDD?
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 Cilantro Taco Grill Franchise Disclosure Document, the company includes two years of audited financial statements. Specifically, the FDD includes audited financial statements as of December 31, 2023, and December 31, 2022.
Because Cilantro Taco Grill has not been in business for three years, the FDD does not include the three prior years of audited financial statements typically required. This is due to the fact that CTG Franchise LLC was formed on December 21, 2022.
Prospective franchisees should review these financial statements carefully to understand the financial health and performance of Cilantro Taco Grill. It is important to note that the financial statements provide a historical view and may not be indicative of future performance.