Does Crave acknowledge that actual financial results could differ from the estimates presented in the financial statements?

According to Crave's 2025 Franchise Disclosure Document, the company acknowledges that actual financial results could differ from their estimates. In the summary of significant accounting policies, Crave states that the preparation of financial statements requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts in the financial statements and accompanying notes.

This disclosure is a standard accounting practice. It informs potential franchisees that the financial statements include estimates, which are subject to change. This means that the actual financial performance of a Crave franchise may vary from the figures presented in the financial statements. Factors that can cause these differences include, but are not limited to, economic conditions, local market dynamics, and the franchisee's management skills.

Prospective franchisees should carefully review the financial statements and notes, understanding that the numbers presented are based on estimates. It is prudent to conduct independent research and consult with financial advisors to assess the potential financial performance of a Crave franchise in their specific market. This will help in making an informed investment decision, considering the inherent uncertainties in financial forecasting.