What is the fiscal year end for Desi District?

According to Desi District's 2024 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 21, which covers the company's financial statements. The FDD also mentions that the company has not been in business for three years or more, and therefore cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. However, Exhibit F contains the company's audited opening balance sheet dated June 15, 2024.

For a prospective franchisee, understanding the franchisor's fiscal year end is important for several reasons. It helps in aligning their own financial planning and reporting with that of the franchisor. It also provides a timeframe for when the franchisee can expect to receive updated financial information about the franchise system, which can be useful for benchmarking their own performance and making informed business decisions.

In the franchise industry, it is common for franchisors to have a fiscal year end that aligns with the calendar year, as is the case with Desi District. However, some franchisors may choose a different fiscal year end to better match their business cycle or for tax planning purposes. It is always a good idea for prospective franchisees to confirm the franchisor's fiscal year end and understand how it may impact their own financial reporting and planning.