For Cilantro Taco Grill, what is the significance of December 31st?
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 Cilantro Taco Grill FDD, December 31st is the fiscal year-end for which financial performance representations are made. Specifically, Item 19 states that Cilantro Taco Grill included financial representations for its 13 affiliate-owned and operated outlets that had been open for at least 12 months, for the fiscal year ending December 31, 2023.
This means that prospective franchisees can review the financial performance of existing Cilantro Taco Grill locations up to this date to get an idea of potential revenues and expenses. However, it's important to remember that past performance is not necessarily indicative of future results, and a franchisee's individual financial outcome may vary based on factors such as location, management skills, and local market conditions.
It is also important to note that the FDD only includes financial information for affiliate-owned locations, not franchised locations. A prospective franchisee may want to ask Cilantro Taco Grill for more information on the financial performance of franchised locations, if available, to get a more complete picture of the potential financial performance of a Cilantro Taco Grill franchise.