As of what date are the audited financial statements for Nothing Bundt Cakes included in the FDD?
Nothing_Bundt_Cakes Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company had 643 franchised bakeries as of December 29, 2024 and 542 franchised bakeries as of December 31, 2023.
2. Significant Accounting Policies
- b. Fiscal Year The Company's fiscal year ends on the last Sunday in December. Fiscal year 2024 in the following table encompasses a 52-week period whereas fiscal year 2023 reflects a 53-week period.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 93)
What This Means (2025 FDD)
According to the 2025 FDD, Nothing Bundt Cakes had 643 franchised bakeries as of December 29, 2024, and 542 franchised bakeries as of December 31, 2023. The company's fiscal year ends on the last Sunday in December. The fiscal year 2024 encompasses a 52-week period, while the fiscal year 2023 reflects a 53-week period.
These dates are important because they indicate the period for which the financial performance of Nothing Bundt Cakes is reported in the FDD. Prospective franchisees can review these financial statements to understand the brand's recent performance and trends. The number of franchised bakeries open at these dates also gives an indication of the brand's growth.
It is important to note that the fiscal year end is the last Sunday in December, which means the specific date can vary slightly from year to year. The FDD clarifies whether the fiscal year is a 52-week or 53-week period, which can impact financial results. Franchisees should carefully review the financial statements and consider these factors when evaluating the opportunity.