What financial statement is included in Exhibit F for Desi District?

According to Desi District's 2024 Franchise Disclosure Document, Exhibit F contains the company's audited opening balance sheet dated June 15, 2024. The document also states that Desi District has not been in business for three years or more. Because of this, the company cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Desi District's fiscal year ends on December 31.

This is important for a prospective franchisee because it means that the FDD does not contain a full set of historical financial statements that would typically be included for established franchisors. The audited opening balance sheet provides a snapshot of the company's assets, liabilities, and equity as of a specific date. However, it does not show the company's financial performance over time.

Given the limited financial information, a potential franchisee should conduct thorough due diligence. This includes carefully reviewing the provided balance sheet, seeking professional financial advice, and requesting additional financial information from Desi District to assess the company's financial stability and future prospects. It is also advisable to speak with current franchisees to gain insights into their experiences and financial performance.