Are the Spray Net financial statements for a period other than a fiscal year?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit C to this disclosure document are our audited financial statements for our fiscal years ending December 31, 2021, December 31, 2022 and December 31, 2023. Our fiscal year end is December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 75)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31st. The Item 21 states that the audited financial statements included as Exhibit C are for the fiscal years ending December 31, 2021, December 31, 2022, and December 31, 2023. This indicates that Spray Net operates on a calendar year basis for its financial reporting.
For a prospective Spray Net franchisee, this means that the financial data presented in the FDD reflects the company's performance over standard 12-month periods aligning with the calendar year. This consistency in reporting periods allows for easier comparison of financial performance across different years.
It is important for potential franchisees to review these financial statements carefully to understand Spray Net's financial health and performance trends. Understanding the franchisor's financial stability is crucial in assessing the overall risk and potential success of investing in a Spray Net franchise.