What is the date of the accounting firm's report included in the Coffee News FDD?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
Subsequent events have been evaluated through February 27, 2025, which is the date the financial statements were available to be issued, and no additional matters were determined to require adjustment or disclosure.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, the financial statements included have been evaluated through February 27, 2025. This date signifies the period up to which subsequent events were assessed by the accounting firm. The accounting firm reviewed events after the balance sheet date to determine if any adjustments or disclosures were needed in the financial statements.
This evaluation is a standard auditing procedure to ensure that the financial statements reflect the most current information available to investors and stakeholders. By including this date, Coffee News provides assurance that the financial information presented is up-to-date and reliable as of that cutoff.
Prospective franchisees should note this date as it indicates the recency of the financial review. Any significant events occurring after February 27, 2025, would not be reflected in these financial statements. Therefore, it is advisable for potential franchisees to inquire about any material changes or updates that may have occurred since this date to gain a more complete understanding of Coffee News's current financial standing.