What is the fiscal year end for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
terms we deem reasonable.
The Advertising Fund is not audited. We will provide an annual accounting for the Advertising Fund that shows how the Advertising Fund proceeds have been spent for the previous year upon written request. We collected $72,857 in Advertising Fund Contributions during our last fiscal year, ended December 31, 2024 and spent a total of $72,614.50. We allocated this in the following: Administrative and Payroll – 98%, Ad Placements – 1.7%, Ad Marketing and Design – .5%, Other – 0
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious Franchise Disclosure Document, the franchisor's fiscal year ends on December 31. This is explicitly stated in the context of the Advertising Fund contributions.
Specifically, the document mentions that $72,857 was collected in Advertising Fund Contributions during the last fiscal year, which concluded on December 31, 2024. This indicates that Crepe De Licious operates on a calendar year for its financial reporting.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It helps in aligning their own financial planning and reporting with that of the franchisor. It also provides a timeframe for when annual reports and financial performance data are typically released, which can be useful for benchmarking and understanding the overall health of the Crepe De Licious franchise system.