factual

For what years ended does Crisp & Green believe the captions on the statements of operations appropriately reflect the disaggregation of its revenue by major type?

Crisp_Green Franchise · 2024 FDD

Answer from 2024 FDD Document

The Company believes that the captions contained on the statements of operations appropriately reflect the disaggregation of its revenue by major type for the years ended December 31, 2023, 2022 and 2021.

Source: Item 23 — RECEIPTS (FDD pages 66–252)

What This Means (2024 FDD)

According to Crisp & Green's 2024 Franchise Disclosure Document, the company believes that the captions on its statements of operations accurately reflect the breakdown of its revenue by major type for the years ended December 31, 2023, 2022, and 2021. This indicates that Crisp & Green management is confident that the way they have categorized and presented their revenue streams in their financial statements provides a clear and accurate picture of where their revenue is coming from for these specific years.

For a potential franchisee, this is relevant because it suggests that Crisp & Green is transparent in how it reports its revenue. Understanding the different sources of revenue (e.g., franchise fees, royalties, product sales) can help a franchisee assess the financial health and stability of the franchisor. It also allows them to benchmark their own performance against the franchisor's reported figures.

It's important to note that this statement reflects the company's belief and is based on their accounting practices. While the financial statements are audited by an independent auditor, the auditor's opinion focuses on the fair presentation of the financial statements as a whole, not specifically on the disaggregation of revenue. A prospective franchisee may want to further investigate the specific categories used to disaggregate revenue and compare them to industry standards to ensure they are comfortable with the level of detail provided.

Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.