For what period were the cash flows of Desi District audited?

According to Desi District's 2024 Franchise Disclosure Document, the cash flows were audited for the period ending June 15, 2024. The independent accountant's audit report states that the financial statements of Desi District Franchise Group, LLC, which include the balance sheet as of June 15, 2024, and related notes, were audited for the period then ended. The auditor's opinion confirms that the financial statements fairly present the company's financial position, results of operations, and cash flows for the period ended June 15, 2024, in accordance with accounting principles generally accepted in the United States of America.

This means that a prospective franchisee can review the audited financial statements to understand Desi District's financial health up to June 15, 2024. However, because Desi District has not been in business for three years or more, the FDD does not include all financial statements typically required by the Franchise Rule of the Federal Trade Commission. The FDD only contains the audited opening balance sheet dated June 15, 2024.

Given that the audit covers a limited period, potential franchisees should consider this when evaluating the financial performance of Desi District. They may want to ask for more current financial information or projections to supplement the audited statements. Additionally, it's important to note that the company's fiscal year end is December 31, as stated in the FDD, which may provide a different perspective when those year-end statements become available.