What is the fiscal year-end for City Publications?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
| STATE | FRANCHISE AGREEMENTS SIGNED BUT OUTLET NOT OPENED | PROJECTED NEW FRANCHISED OUTLETS IN THE NEXT FISCAL YEAR | PROJECTED COMPANY OWNED BUSINESSES |
|---|---|---|---|
| Alabama | 0 | 1 | 0 |
| Arizona | 0 | 1 | 0 |
| California | 0 | 2 | 0 |
| Colorado | 0 | 1 | 0 |
| Minnesota | 0 | 2 | 0 |
| Mississippi | 0 | 1 | 0 |
| North Carolina | 0 | 1 | 0 |
| South Carolina | 0 | 1 | 0 |
| Tennessee | 0 | 1 | 0 |
| Total | 0 | 11 | 0 |
ITEM 21. FINANCIAL STATEMENTS
Our audited financial statements for the years ending on December 31, 2024, December 31, 2023, and December 31, 2022 are attached
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 21, which discusses the attached financial statements. The financial statements included in the FDD cover the years ending December 31, 2024, December 31, 2023, and December 31, 2022.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a reference point for interpreting the financial statements included in the FDD, as these statements reflect the company's performance over the fiscal year. Knowing the fiscal year-end also helps franchisees align their own financial planning and reporting with that of City Publications.
Most companies, including franchises, use either the calendar year (ending December 31) or a specific date that aligns with their business cycle. City Publications' choice of December 31 simplifies comparisons with other businesses that also follow the calendar year. This information is crucial for potential franchisees as they evaluate the financial health and stability of City Publications before making an investment decision.