What is the fiscal year end for Crawlspace Medic?

According to Crawlspace Medic's 2024 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 21, which includes the audited financial statements. These statements cover the periods ending December 31, 2021, December 31, 2022, and December 31, 2023.

For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a benchmark for analyzing the financial statements presented in the FDD, allowing them to assess the company's financial performance over consistent annual periods. This knowledge is crucial when comparing year-over-year revenue, expenses, and profitability.

Furthermore, the fiscal year-end is relevant to the franchisee's own financial planning and reporting. Franchisees typically align their accounting practices with the franchisor's fiscal year to facilitate easier comparison and benchmarking of their own performance against the broader franchise system. Knowing that Crawlspace Medic operates on a calendar year ending December 31 allows franchisees to structure their financial record-keeping and reporting accordingly.

In the franchise industry, using a calendar year as the fiscal year is a fairly common practice, as it simplifies tax reporting and financial analysis. Crawlspace Medic's choice to use December 31 as its fiscal year-end aligns with this standard, making it easier for franchisees and external stakeholders to interpret the company's financial data.