Are there financial statements included for December 31, 2023 for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
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ITEM 21 FINANCIAL STATEMENTS
Exhibit A contains the financial statements required to be included with this Franchise Disclosure Document: audited financial statements as of December 31, 2024, December 31, 2023, and December 3
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 57)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the document includes audited financial statements as of December 31, 2024, December 31, 2023, and December 31, 2022. These financial statements are part of Exhibit A of the FDD. The company's fiscal year ends on December 31st.
The inclusion of these audited financial statements provides prospective Crepe De Licious franchisees with an overview of the franchisor's financial health over the past three years. This allows potential franchisees to assess the company's revenue, expenses, assets, and liabilities, which can inform their decision about investing in the franchise.
Furthermore, the independent auditor's report included in the FDD states that the financial statements of Crepe Delicious Holding USA, Inc. as of December 31, 2023 and December 31, 2022, along with the related statements of income and retained earnings, and cash flows for the years then ended, are presented fairly in all material respects, in accordance with accounting principles generally accepted in the United States of America. This opinion from an independent auditor adds credibility to the financial statements and provides assurance to potential franchisees.