factual

What date did the management of Cr3 American Exteriors review and evaluate subsequent events through?

Cr3_American_Exteriors Franchise · 2025 FDD

Answer from 2025 FDD Document

Management has reviewed and evaluated subsequent events through April 25, 2024, the date on which the financial statements were issued.

Source: Item 23 — RECEIPTS (FDD pages 53–150)

What This Means (2025 FDD)

According to Cr3 American Exteriors's 2025 Franchise Disclosure Document, the company's management reviewed and evaluated subsequent events through April 25, 2024. This date is significant because it represents the cutoff point for incorporating information about events that occurred after the balance sheet date (December 31, 2023) into the financial statements. Subsequent events can include things like a major new agreement, a significant loss of business, or a large legal settlement.

For a prospective Cr3 American Exteriors franchisee, this date indicates how current the financial information is. While the FDD is dated April 30, 2025, the financial review only extends to April 25, 2024. This means any major events occurring after that date may not be reflected in the provided financial statements.

It is standard accounting practice to have a cutoff date for subsequent events review. This ensures that the financial statements reflect the most accurate and up-to-date information available at the time of issuance. Franchisees should be aware of this date and inquire about any significant events that may have occurred since then that could impact the financial performance of Cr3 American Exteriors.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.