factual

Up to what date does Cream's financial statement include an evaluation of subsequent events?

Cream Franchise · 2025 FDD

Answer from 2025 FDD Document

The financial statement and related disclosures include evaluation of events up through and including June 9, 2025, which is the date the financial statement was available to be issued.

Source: Item 23 — RECEIPTS (FDD pages 61–192)

What This Means (2025 FDD)

According to Cream's 2025 Franchise Disclosure Document, the company's financial statement and related disclosures include an evaluation of events up through and including June 9, 2025. This date represents the cutoff for considering events that occurred after the balance sheet date (May 29, 2025) but before the financial statement was available to be issued.

This means that any significant events, transactions, or circumstances that occurred between May 29, 2025, and June 9, 2025, that could materially affect the company's financial position or results of operations would be disclosed in the financial statement. Examples of such events could include a major new agreement, a significant legal settlement, or a large loss due to an unforeseen event.

For a prospective Cream franchisee, this information is relevant because it provides assurance that the financial statement reflects the most up-to-date information available at the time of issuance. It also highlights the importance of subsequent events in assessing the financial health and stability of the company. Franchisees should be aware that the financial picture presented is as accurate as possible up to June 9, 2025, but events after that date are not reflected.

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.