What specific calendar year does the financial data in Item 19 represent for Cream?
Cream Franchise · 2025 FDDAnswer from 2025 FDD Document
As of December 31, 2024, there were a total of 87 corporate-owned Jeni's Ice Creams Scoop Shops operating in the United States. Of the 87 corporate-owned Jeni's Ice Creams Scoop Shops, 2 opened during 2024 and were not operating for the entirety of 2024, and 2 operated on a limited seasonal basis and therefore were not operating for the entirety of 2024. The data presented in this Item 19 is based
on the remaining 83 corporate-owned Jeni's Ice Creams Scoop Shops operating in the United States for the entirety of the 2024 calendar year (the "Item 19 Shops"). We had no franchised outlets operating as of the end of our most recent fiscal year and are therefore not able to present results for franchised outlets. The information for the Item 19 Shops is divided into quartiles based on annual Net Profit (defined below) for the 2024 calendar year.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 51–57)
What This Means (2025 FDD)
According to Cream's 2025 Franchise Disclosure Document, the financial performance data presented in Item 19 is based on the 2024 calendar year. Specifically, the data is derived from 83 corporate-owned Jeni's Ice Creams Scoop Shops that operated for the entirety of 2024.
It's important to note that this data excludes two shops that opened during 2024 and two shops that operated on a limited seasonal basis, as they were not open for the entire year. Additionally, Cream had no franchised outlets operating as of the end of their most recent fiscal year, so the financial performance representation is based solely on corporate-owned shops.
For a prospective franchisee, this means the financial data provided offers a picture of how existing corporate stores performed in 2024. However, it is essential to remember that past performance is not necessarily indicative of future results, and the performance of franchised locations may differ from that of corporate-owned stores. Cream divides the information for the Item 19 Shops into quartiles based on annual Net Profit for the 2024 calendar year.