As of December 31, 2024, what was the amount receivable for Crave from related parties?

According to Crave's 2025 Franchise Disclosure Document, as of December 31, 2024, the amount receivable from related parties was $320,387. The FDD also provides the amounts receivable from related parties for the two prior years. The amount receivable as of December 31, 2023, and 2022 was $320,387 and $320,387, respectively.

This indicates that Crave has financial transactions with entities or individuals who have a close relationship with the company, such as common ownership. These notes are noninterest bearing and are due on demand. The consistent amount receivable over the three years suggests a stable, ongoing financial arrangement between Crave and its related party.

For a prospective franchisee, this information is relevant because it provides insight into Crave's financial dealings and relationships. While related-party transactions are not inherently problematic, they can raise questions about potential conflicts of interest or whether the terms of these transactions are fair to all parties involved. Understanding the nature and magnitude of these transactions can help a franchisee assess the financial health and transparency of Crave.

It would be prudent for a potential franchisee to inquire about the nature of the related party, the purpose of the notes receivable, and the terms of repayment. Understanding these details can provide a clearer picture of the financial dynamics within Crave and ensure that the franchisee is making an informed decision.