Where can I find the Cream audited opening balance sheet in the Disclosure Document?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
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 the 2025 FDD, Cream's audited opening balance sheet as of May 29, 2025, is included as Exhibit D to the Disclosure Document. Because Cream has not been in business for at least three years, the FDD does not include all of the financial statements typically required by the FTC franchise rule. Cream's fiscal year concludes on the fourth Sunday in December, unless that week ends before December 31st, in which case the fiscal year is extended by one week.