What is the deadline Exit management used to evaluate subsequent events for the financial statements?

According to Exit's 2025 Franchise Disclosure Document, the company evaluated subsequent events through April 3, 2025, which was the date the financial statements were available to be issued. Subsequent events are events that occur after the balance sheet date but before the financial statements are issued. These events can provide additional evidence about conditions that existed at the balance sheet date or can be indicative of conditions that arose after the balance sheet date.

For a prospective Exit franchisee, this means that the financial statements included in the FDD reflect all information available to management up to April 3, 2025. Any events occurring after this date would not be reflected in these statements. This is a standard accounting practice to ensure that financial statements are as up-to-date and accurate as possible at the time of issuance.

It is important for potential franchisees to understand the timeframe covered by the financial statements and to inquire about any significant events that may have occurred after this date that could impact the financial performance or stability of Exit. This information can help franchisees make a more informed decision about investing in the franchise.