Are the financial statements for Crepe De Licious presented on a calendar year basis?

According to the 2025 Crepe De Licious Franchise Disclosure Document, the financial statements are presented on a calendar year basis. The Independent Auditor's Report indicates that the financial statements of Crepe Delicious Holding USA, Inc. include balance sheets as of December 31, 2024, and December 31, 2023, with related statements of income, retained earnings, and cash flows for the years then ended. This confirms that Crepe De Licious uses December 31 as its fiscal year-end.

For a prospective franchisee, this means that Crepe De Licious's financial performance is evaluated and reported annually, coinciding with the calendar year. This is a common practice, making it easier to compare Crepe De Licious's financial data with other businesses and industry benchmarks that also follow the calendar year. Franchisees can expect to receive annual financial reports from Crepe De Licious that reflect performance from January 1 to December 31.

The auditor's report, dated April 1, 2024, provides an opinion on the fairness of the presentation of Crepe De Licious's financial position and results of operations as of and for the years ended December 31, 2023, and December 31, 2022. This timeline indicates that the audit was completed shortly after the close of the 2023 fiscal year, which is typical for companies adhering to calendar year-end reporting.