As of this FDD, for how many fiscal years are Crave's audited financial statements provided?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit A are our audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the franchisor includes audited financial statements for three fiscal years. Specifically, the financial statements cover the years ended December 31, 2024, December 31, 2023, and December 31, 2022.
For a prospective franchisee, this means they can review Crave's financial performance over the past three years to assess the company's financial health and stability. Examining these statements can provide insights into Crave's revenues, expenses, profits, and cash flow trends.
It is typical for franchisors to include several years of financial statements in their FDDs to give potential franchisees a comprehensive view of the company's financial history. Reviewing these statements is a crucial step in the due diligence process before investing in a franchise.