Are there financial statements included for December 31, 2024 for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
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 31, 2022. Our fiscal year end is December 31st.
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. These financial statements are included as Exhibit A of the FDD. The FDD also includes financial statements for the years ending December 31, 2023, and December 31, 2022. Crepe De Licious's fiscal year ends on December 31st.
As a prospective franchisee, reviewing these financial statements is crucial. They provide insights into the financial health and stability of Crepe De Licious. Analyzing the balance sheets, income statements, and cash flow statements for these years can help you understand the company's revenue trends, profitability, and overall financial performance.
Furthermore, the inclusion of audited financial statements adds a layer of credibility, as an independent auditor has reviewed and attested to the fairness of the presentation of the company's financial position. This can give you more confidence in the accuracy of the financial information provided in the FDD. You may want to consult with a financial advisor to fully understand the implications of these statements.
Note that the financial statements also include information on related party transactions, such as expenses paid by Crepe Delicious Holdings Corporation Canada. Understanding these transactions can provide a more complete picture of the company's financial relationships and obligations.