What exhibit contains the Cream audited opening balance sheet?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
ITEM 21 FINANCIAL STATEMENTS
We have not been in business for 3 years or more, and therefore cannot include all of the financial statements required by the FTC franchise rule. Attached to this Disclosure Document as Exhibit D is our audited opening balance sheet as of May 29, 2025. Our fiscal year ends on the fourth Sunday in the fiscal month of December, except when the fourth week of the fiscal month of December ends before December 31st, in which case our fiscal year is extended by one week.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 60)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, the audited opening balance sheet as of May 29, 2025, is included as Exhibit D. Because Cream has not been in business for at least three years, they are not able to include all of the financial statements typically required by the FTC franchise rule. Instead, they provide the audited opening balance sheet as an exhibit to the FDD.