What was the net income/loss for Coffee News in the first fiscal year presented?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Coffee News USA, Inc. (a Maine corporation), which comprise the balance sheets as of December 31, 2024, 2023 and 2022, and the related statements of income and retained earnings, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Coffee News USA, Inc. as of December 31, 2024, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
I am unable to provide the net income/loss for Coffee News in the first fiscal year presented. While the 2025 FDD includes the company's financial statements, specifically the balance sheets, statements of income and retained earnings, and cash flows for the years ended December 31, 2024, 2023, and 2022, the provided excerpts do not include the actual figures for net income or loss. The excerpts focus on accounting policies, revenue recognition, advertising costs, and other financial details but omit the specific net income/loss values. A prospective franchisee should carefully review the complete financial statements in the FDD and consult with a financial advisor to understand Coffee News's profitability and financial performance over these three years. Requesting clarification from the franchisor regarding net income/loss during these periods would also be beneficial.