When does Desi District's fiscal year end?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
| We have 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. | |
| Exhibit F contains our audited opening balance sheet dated 6/15/2024. Our fiscal year end is | |
| December 31. |
Source: Item 23 — RECEIPTS (FDD pages 52–140)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is relevant to prospective franchisees because the financial statements included in the FDD are based on this fiscal year.
Because Desi District has not been in business for three years or more, the FDD does not 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.
Understanding the fiscal year-end is important for interpreting the financial information provided in the FDD and for comparing Desi District's financial performance to other franchises in the same industry. Franchisees may want to request more current financial information to get a better understanding of the brand's performance.