factual

By what date each year must Clean Your Dirty Face provide annual financial statements?

Clean_Your_Dirty_Face Franchise · 2025 FDD

Answer from 2025 FDD Document

  • by March 15th of each year, annual profit and loss and source and use of funds statements and a balance sheet for your Business as of the end of the prior calendar year;

Source: Item 22 — CONTRACTS (FDD page 54)

What This Means (2025 FDD)

According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, franchisees must provide annual profit and loss, source and use of funds statements, and a balance sheet for their business to Clean Your Dirty Face by March 15th of each year. These statements must reflect the business's financial status as of the end of the prior calendar year.

This requirement ensures that Clean Your Dirty Face has a consistent and timely view of each franchise's financial performance. This allows them to monitor the overall health of the franchise system and identify any potential issues early on. Franchisees should, therefore, maintain accurate and up-to-date financial records throughout the year to facilitate the preparation and submission of these annual statements by the specified deadline.

Missing the March 15th deadline could potentially lead to penalties or other consequences as outlined in the franchise agreement. Therefore, prospective franchisees should understand the importance of maintaining organized financial records and meeting all reporting deadlines set by Clean Your Dirty Face.

Disclaimer: This information is extracted from the 2025 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.