What is the fiscal year end for Fat Shack?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
Other than the initial starting package, neither we nor any person affiliated with us are currently an approved supplier for our franchisees. However, we, either directly or through an affiliate, reserve the right to sell other products, equipment, supplies and services to franchisees and to derive revenue from such sales. During our last fiscal year (ending on December 31, 2024), we had no revenues from products and services provided to franchisees.
Source: Item 21 — Financial Statements (FDD pages 52–53)
What This Means (2025 FDD)
According to Fat Shack's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31. This is explicitly stated in Item 8, which mentions that during the last fiscal year ending on December 31, 2024, Fat Shack had no revenues from products and services provided to franchisees. This date is also confirmed in the Independent Auditor's Report included in Item 23, which references the balance sheet as of December 31, 2024, 2023, and 2022.
For a prospective franchisee, understanding the franchisor's fiscal year-end is important for several reasons. It provides a reference point for interpreting the financial information presented in the FDD, such as the audited financial statements. Franchisees can align their own financial planning and reporting with Fat Shack's fiscal calendar. This alignment can be useful for budgeting, forecasting, and comparing their restaurant's performance against the franchisor's financial benchmarks.
Knowing the fiscal year-end also helps franchisees understand the timing of various reporting requirements and deadlines set by Fat Shack. For example, franchisees may need to submit sales reports or other financial data to the franchisor at the end of each fiscal year. The FDD includes audited financial statements for the years ended December 31, 2024, 2023 and 2022, which further emphasizes the importance of this date for financial reporting purposes.
In summary, Fat Shack's fiscal year concludes on December 31, a detail that is relevant for franchisees in terms of financial planning, reporting, and understanding the financial performance data presented in the Franchise Disclosure Document.