What was the gross profit for Craters & Freighters for the year ended December 31, 2021?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Franchise Disclosure Document as Exhibit E are our audited financial statements as of December 31, 2024, December 31, 2023, and December 31, 2022. Our fiscal year end is December 31st . Also attached to this Franchise Disclosure Document as Exhibit E is our unaudited balance sheet and income statement as of February 28, 2025.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the provided financial statements do not include the gross profit for the year ended December 31, 2021. The financial statements included in this document provide details for the years ended December 31, 2023 and 2022, as well as December 31, 2024 and 2023.
As a prospective franchisee, it is important to have a clear understanding of the company's financial performance over several years. Gross profit is a key indicator of profitability, representing the revenue remaining after deducting the cost of goods and services sold. Reviewing this figure helps potential franchisees assess the efficiency of Craters & Freighters' operations and the potential for profitability.
To gain a comprehensive understanding of Craters & Freighters' financial history, a prospective franchisee should request the financial statements for the year ended December 31, 2021, from the franchisor. This will allow for a more complete analysis of the company's financial performance and trends over time. Understanding the trends in gross profit will allow a franchisee to make a more informed decision.