Through what date did My Salon Suite evaluate subsequent events?

According to My Salon Suite's 2025 Franchise Disclosure Document, the company evaluated subsequent events through April 28, 2025. This means that My Salon Suite's financial statements take into account events that occurred after the close of the 2023 and 2022 fiscal years (December 31) but before April 28, 2025, if those events had a material impact on the company's financial position.

Subsequent event evaluation is a standard accounting practice where companies review events occurring after the balance sheet date but before the financial statements are issued. This is done to identify any events that provide additional evidence about conditions that existed at the balance sheet date or that require disclosure to keep the financial statements from being misleading. For a potential franchisee, this indicates that the financial information presented in the FDD has been updated to reflect any significant events that occurred up to that date.

The evaluation of subsequent events helps ensure that the financial statements provide a complete and accurate picture of My Salon Suite's financial condition. This is important for prospective franchisees as they rely on this information to make informed decisions about investing in a franchise. By evaluating events up to April 28, 2025, My Salon Suite provides a more current view of its financial status, which reduces the risk of making decisions based on outdated information.