What was the interest income 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)
Based on the 2025 Franchise Disclosure Document, information regarding Craters & Freighters' interest income for the year ended December 31, 2021, is not explicitly provided. The provided financial statements and notes focus primarily on the years 2022, 2023, and 2024. While the document includes detailed financial statements, auditor's reports, and notes on various financial aspects such as lines of credit, related party transactions, leases, and retirement plans, it does not break out a specific line item for interest income.
Item 21 includes audited financial statements for the years 2023 and 2022, along with an unaudited balance sheet and income statement as of February 28, 2025. These statements provide a comprehensive overview of Craters & Freighters' financial performance and position during those periods. However, the absence of specific interest income data for 2021 means that prospective franchisees cannot determine this aspect of the company's financial performance from the provided documentation.
For a prospective franchisee, understanding the interest income earned by Craters & Freighters could be useful in assessing the company's overall financial health and investment strategies. Since this information is not available in the FDD, it would be prudent for a potential franchisee to directly request this data from the franchisor. Specifically, they should ask for the interest income figures for the past three fiscal years to identify any trends and better evaluate the company's financial performance.