As of what date is the interim balance sheet for Crisp & Green included in this FDD?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
Crisp and Green Franchising LLC Balance Sheet
As of March 31, 2024
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the balance sheet is as of March 31, 2024. This provides a snapshot of the company's financial position closer to the FDD issue date of April 29, 2024.
In addition to the interim balance sheet, the FDD also includes audited balance sheets for the years ending December 31, 2023, 2022, and 2021. This historical data, along with the interim balance sheet, gives prospective franchisees a more comprehensive view of Crisp & Green's financial performance over time.
The inclusion of both interim and historical balance sheets is a standard practice in franchising, allowing potential franchisees to assess the financial health and stability of the franchisor before making an investment. Reviewing these financial statements is a crucial step in the due diligence process for any prospective Crisp & Green franchisee.