What is the fiscal year end for Ella Cafe?

According to Ella Cafe's 2024 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is a standard practice for many businesses, as it aligns with the calendar year, simplifying tax reporting and financial analysis.

For a prospective Ella Cafe franchisee, understanding the fiscal year-end is important for several reasons. It dictates the period for which the franchisee will need to prepare and submit financial reports to Ella Cafe, as well as for their own tax filings. Knowing the fiscal year-end helps in planning and budgeting, as franchisees can align their financial strategies with Ella Cafe's reporting schedule.

Furthermore, the FDD includes audited balance sheets as of December 31, 2023, and 2022, along with related statements of operations, changes in stockholders' equity, and cash flows for the years then ended. These audited statements provide a historical financial overview of Ella Cafe, which can be useful for potential franchisees in assessing the financial health and performance of the company. The FDD also contains an unaudited balance sheet as of June 30, 2024, and a profit and loss statement from January 1, 2024, to June 30, 2024.