Do the Crave financial statements include a statement of cash flows?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
e 4 | | Statement of Changes in Equity | Page 5 | | Statement of Cash Flows | Page 6 | | Notes to the Financial Statements | Page 7 |
Report of Independent Auditors
To the Member of Crave Franchising, LLC
Opinion
We have audited the accompanying financial statements of Crave Franchising, LLC, (the Company), a Wyoming limited liability company, which comprise Balance sheet as of December 31, 2024, 2023, and 2022, and the related statement of operations and member's equity and cash flows for the year ended December 31,
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the financial statements include a statement of cash flows. The independent auditor's report indicates that the audit covered the balance sheet as of December 31, 2024, 2023, and 2022, the statement of operations and member's equity, and the statement of cash flows for the year ended December 31, 2024.
This inclusion of a statement of cash flows is a standard practice in financial reporting, providing insights into how Crave generates and uses cash. It offers a view of the company's liquidity and financial health, which is crucial for prospective franchisees to assess the financial stability of the franchisor.
The FDD includes Crave's statements of cash flows for the years ended December 31, 2024, 2023, and 2022.