Where can I find the Statement of Changes in Equity within Crave's financial statements?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
For the years ended December 31, 2024, 2023, and 2022 CRAVE FRANCHISING, LLC STATEMENTS OF CHANGES IN MEMBER'S EQUITY
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the Statement of Changes in Member's Equity can be found within the financial statements for the years ended December 31, 2024, 2023, and 2022. This statement is a key component of Crave's financial reporting, providing insights into the changes in the equity or ownership stake within the company over these three years.
The inclusion of this statement is standard practice in financial reporting, as it reconciles the beginning and ending equity balances, detailing any contributions, distributions, or other factors that have influenced the equity position of Crave. For a prospective franchisee, reviewing this statement can offer a clearer understanding of how the company's equity has evolved, which can be indicative of its financial management and stability.
The independent auditor's report also references the statement of operations and member's equity and cash flows for the year ended December 31, 2024, further emphasizing the importance of this statement in assessing the overall financial health of Crave. The auditor's opinion confirms that these financial statements present fairly the financial position of the company, in accordance with accounting principles generally accepted in the United States of America.