What is the fiscal year end for Fat Shack, according to the FDD?
Fat_Shack Franchise · 2025 FDDAnswer from 2025 FDD Document
f Fat Shack Inc. and Subsidiary**
Opinion
We have audited the financial statements of Fat Shack Inc. and Subsidiary, which comprises the balance sheet as of December 31, 2024, 2023 and 2022 and the related statement of operations, and changes in stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
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 based on the Independent Auditor's Report which references balance sheets as of December 31, 2024, 2023, and 2022. The statement of stockholders' equity is also for the years ended December 31, 2024, 2023 and 2022.
For a prospective franchisee, this means that Fat Shack's financial performance and reporting are based on a calendar year. Understanding the fiscal year-end is important for reviewing the company's financial statements and assessing its financial health. The franchisee can align their own business planning and financial analysis with Fat Shack's reporting cycle.
Knowing the fiscal year-end also helps franchisees understand when key financial documents, like audited financial statements, are typically released. This allows them to stay informed about the franchisor's performance and any potential changes that could impact their investment. Additionally, the FDD includes audited financial statements for the most recently ended fiscal year as an attachment.