How many years of financial statements are included for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crepe Delicious Holding USA, Inc. (a C Corporation), which comprise the balance sheets as of December 31, 2024 and December 31, 2023, and the related statements of income and retained earnings, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Crepe De Licious FDD, the financial statements include balance sheets as of December 31, 2024, and December 31, 2023, along with the related statements of income and retained earnings, and cash flows for the years then ended. This means the FDD includes financial statements for the two most recent fiscal years.
Having two years of financial statements allows prospective franchisees to review Crepe De Licious's recent financial performance and identify trends. Analyzing these statements can provide insights into the company's revenue, expenses, profitability, and cash flow generation.
It is important for potential franchisees to carefully examine these financial statements and consult with a financial advisor to understand the franchisor's financial health and stability. This review should also consider the notes to the financial statements, which provide additional details and explanations of the figures presented.