How long has Desi District been in business?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
issuance date:
None
Item 21 FINANCIAL STATEMENTS
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 o
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to the 2024 FDD, Desi District has not been in business for three years or more. Because of this, Desi District cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. However, Exhibit F contains Desi District's audited opening balance sheet dated June 15, 2024. Desi District's fiscal year end is December 31.
This indicates that Desi District is a relatively new franchise system. Prospective franchisees should be aware that there is a limited operating history for the brand. This means there is less historical financial data available to evaluate the potential performance of a Desi District franchise.
Typically, newer franchises may present a higher risk compared to established brands with a longer track record. Potential franchisees should conduct thorough due diligence, carefully review the provided balance sheet, and seek professional financial advice to assess the risks and opportunities associated with investing in a Desi District franchise.