What time period do the financial results for Desi District's Company Owned Outlets cover?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
The following financials are based on our Company Owned Outlets from 1/01/2023 through 12/31/2023. These were the only locations open for this entire time period, all are owned by our Affiliate entities.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD pages 48–49)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the financial results for the company-owned outlets are based on data from January 1, 2023, through December 31, 2023. The FDD specifies that these locations were the only ones open for the entire duration of this period and are all owned by Desi District's affiliate entities.
This information is crucial for prospective franchisees as it provides a snapshot of the brand's performance over a complete year. Understanding the specific timeframe allows potential franchisees to contextualize the financial data and assess the consistency and reliability of the results. Keep in mind that these are historic financial performance representations and not projections of future performance.
It is important to note that the Item 19 data does not include any operating expenses for operating the Company Owned Outlets. The FDD advises that you would need to account for costs such as rent, cost of goods sold, labor, insurance, and advertising to understand net income. Also, the FDD notes that some outlets have sold and earned this amount, but individual results may differ, and there is no assurance that you'll sell or earn as much.