What is the legal structure of Crave Franchising, LLC?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
0 | | Royalties | 328,716 | 366,119 | 277,921 | | Marketing fund | 46,960 | 52,303 | 39,703 | | Other income | 15,481 | 7,352 | 5,828 | | Net operating revenue | 866,156 | 1,398,273 | 628,453 |
Crave Franchising, LLC A Wyoming Limited Liability Company Notes to the Financial Statements December 31, 2024
1. Organization
Crave Franchising, LLC (the "Company") is a Wyoming limited liability company formed in February 2018. The Company was formed for the purpose of franchising restaurants nationally in the United States. The Company is owned by one individual member ("Member").
For the years ended December 31, 2024, 2023, and 2022
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, Crave Franchising, LLC is a Wyoming limited liability company. It was formed in February 2018 for the purpose of franchising restaurants nationally in the United States. The company is owned by one individual member.
For prospective franchisees, this information is important because it clarifies the legal entity they are entering into an agreement with. Understanding the business structure can provide insights into the company's liability and financial obligations. As a limited liability company, the owner's personal assets are typically protected from business debts and lawsuits.
The FDD also notes that for the years ended December 31, 2024, 2023, and 2022, total capital contributions were $0, $0, and $0, respectively. For the years ended December 31, 2024, 2023, and 2022, total capital distributions were $169,340, $483,344 and $446,770, respectively. This information on capital contributions and distributions can give a potential franchisee insight into the financial management and profitability of Crave.