What is the date of the audited opening balance sheet for Desi District included in Exhibit F?

According to Desi District's 2024 Franchise Disclosure Document, Exhibit F contains the company's audited opening balance sheet dated June 15, 2024. Because Desi District has not been in business for at least three years, the FDD does not include all financial statements typically required by the Federal Trade Commission's Franchise Rule. Instead, it provides this opening balance sheet. Desi District's fiscal year end is December 31.

This means that prospective franchisees reviewing Desi District's FDD will find financial information reflecting the company's financial position as of June 15, 2024. This balance sheet, included as Exhibit F, has been audited by an independent accountant, providing a degree of assurance about its accuracy. However, because the company is relatively new, there are limited historical financial statements available.

Potential franchisees should carefully review the opening balance sheet and consider it in light of Desi District's business plan and projections. It is important to understand the company's assets, liabilities, and equity at that specific point in time. Given the limited financial history, prospective franchisees may want to seek additional information and clarification from Desi District regarding its financial performance since June 15, 2024, and its expectations for future growth and profitability. They may also want to conduct their own independent financial analysis and consult with a financial advisor.