What is the fiscal year end for Corporate Cleaning Group?
Corporate_Cleaning_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
Our audited financial statements for the fiscal years ending December 31, 2024, December 31, 2023, and December 31, 2022 are included in Exhibit C.
Our fiscal year end is December 31st.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 51)
What This Means (2025 FDD)
According to Corporate Cleaning Group's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is explicitly stated in Item 21, which covers the company's financial statements. This means that Corporate Cleaning Group's financial performance is measured and reported on an annual cycle concluding on this date. The financial statements provided in the FDD, including balance sheets, income statements, and cash flow statements, are prepared as of December 31 for the years 2024, 2023, and 2022.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a context for interpreting the financial statements presented in the FDD. Knowing that the financial data is compiled annually as of December 31 allows franchisees to align their understanding of the company's performance with the reporting cycle. This date is relevant when comparing financial performance year-over-year and assessing trends in revenue, expenses, and profitability.
Furthermore, the fiscal year-end is relevant to the timing of financial reporting and potential changes in franchise fees or royalty structures. Franchisees may anticipate updates or changes to the franchise system based on the franchisor's annual financial review. This knowledge can help franchisees plan their own business strategies and financial forecasts accordingly. Aligning with the franchisor's fiscal calendar also aids in understanding the timing of audits and financial reviews, ensuring transparency and accountability within the franchise system.
In the franchise industry, a December 31 fiscal year-end is a common practice, as it aligns with the calendar year. This simplifies financial reporting and comparison across different companies and industries. Franchisees should be aware of this date to effectively interpret the financial information provided by Corporate Cleaning Group and to make informed decisions about their investment.