What was the amount of cash and cash equivalents Crave had on December 31, 2022?

According to Crave's 2025 Franchise Disclosure Document, the company's cash and cash equivalents as of December 31, 2022, totaled $324,440. This figure represents the amount of cash Crave had on hand or in readily accessible accounts at that specific point in time. Cash and cash equivalents are defined as cash balances on deposit with financial institutions and highly liquid investments with a maturity of three months or less at the date of acquisition.

For a prospective franchisee, this number provides insight into the financial health and liquidity of Crave at the end of 2022. A higher cash balance generally indicates a stronger ability to meet short-term obligations and invest in growth opportunities. However, it is essential to consider this figure in conjunction with other financial metrics and trends to gain a comprehensive understanding of Crave's financial performance.

It's also important to note that the FDD includes financial statements audited by an independent auditor, which adds credibility to the reported figures. The auditor's report states that the financial statements present fairly the financial position of Crave as of December 31, 2024, 2023, and 2022. Reviewing the cash and cash equivalents alongside other assets and liabilities can provide a more complete picture of Crave's financial standing.