What is the accounting period for Tectum Franchising LLC regarding Cr3 American Exteriors?
Cr3_American_Exteriors Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company uses the accrual basis of accounting, and their accounting period is the 12-month period ending December 31 of each year.
Source: Item 23 — RECEIPTS (FDD pages 53–150)
What This Means (2025 FDD)
According to the 2025 FDD, Tectum Franchising LLC, which offers franchise opportunities for Cr3 American Exteriors, operates on an accrual basis of accounting. The company's accounting period is defined as the 12-month period that concludes on December 31 of each year.
For a prospective Cr3 American Exteriors franchisee, this means that the franchisor's financial performance and reporting are structured around this annual cycle. Franchisees can expect to receive financial information and updates from Cr3 American Exteriors based on this calendar year accounting period.
Understanding the franchisor's accounting period is crucial for comparing year-over-year financial data and assessing the overall financial health and stability of the Cr3 American Exteriors franchise system. This also ensures consistency in financial reporting and allows franchisees to align their own financial planning and analysis with the franchisor's established timeframe.