From what sources did Creative World School obtain the historical financial results?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
We obtained these historical financial results from the information submitted by our franchisees and our affiliates.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 58–75)
What This Means (2025 FDD)
According to Creative World School's 2025 Franchise Disclosure Document, the historical financial results presented in Item 19 were obtained from information submitted by both franchisees and affiliates. This information is used to compile the financial performance representations included in the FDD.
It is important to note that the gross revenue information reported by Creative World School was not audited by independent certified public accountants. Instead, the reports are based on an accounting basis derived from proprietary childcare software and reflect billings for each period, regardless of the cash funds deposited. These figures are used to calculate royalty payments to Creative World School.
A prospective franchisee should understand that these figures represent historical performance and that individual results may vary. The FDD emphasizes that there is no assurance that a new franchisee will achieve the same sales or earnings. Factors such as the region of operation, competition, and the franchisee's marketing and management skills will significantly impact the performance of their Creative World School business.