What is the fiscal year end for Crave?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 21 FINANCIAL STATEMENTS
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.
Our fiscal year end is December 31st.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the company's fiscal year ends on December 31st. This is explicitly stated in Item 21, which discusses the financial statements included as Exhibit A. The financial statements cover the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Understanding the fiscal year-end is important for prospective franchisees because Crave's financial performance is reported based on this annual cycle. The financial statements provided in the FDD, such as the balance sheets, income statements, and cash flow statements, are all prepared as of and for the years ending on December 31st. This allows franchisees to assess the brand's financial health and stability over consistent annual periods.
For a potential franchisee, knowing the fiscal year-end helps in interpreting the financial data presented in the FDD. It provides a clear timeframe for evaluating Crave's financial performance and comparing it to previous years or other franchise opportunities. This information is crucial for making informed decisions about investing in a Crave franchise.