For Coffee News, what years are covered by the financial statements included in the table of contents?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
FINANCIAL STATEMENTS
July 31, 2024 and 2023
With Independent Accountant's Review Report
2703203 Manitoba, Ltd.
Table of Contents
July 31, 2024 and 2023
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News' 2025 Franchise Disclosure Document, the table of contents indicates that the financial statements for 2703203 Manitoba, Ltd. are for the years ending July 31, 2024, and 2023. This suggests that the financial performance of this entity, which owns the worldwide trademarks and franchise rights for Coffee News, is documented for these two years.
It is important to note that Coffee News USA, Inc. also has financial statements included in the FDD. These statements cover a different period, specifically the years ending December 31, 2024, 2023, and 2022. Therefore, the FDD includes financial information for two distinct Coffee News entities, each with its own reporting period.
Prospective franchisees should carefully review both sets of financial statements to understand the financial health and performance of the overall Coffee News franchise system. Analyzing trends and comparing the performance of the parent company (2703203 Manitoba, Ltd) and the US-based entity (Coffee News USA, Inc.) can provide a more comprehensive view of the franchise's financial stability and potential.