What were the member distributions for Crave as of December 31, 2023?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1,225,000 | | Total current liabilities | 1,141,951 | 998,049 | 1,269,472 |
For the years ended December 31, 2024, 2023, and 2022 CRAVE FRANCHISING, LLC STATEMENTS OF CHANGES IN MEMBER'S EQUITY
| BALANCE, DECEMBER 31, 2021 | $ (204,262) |
|---|---|
| Member contributions | - |
| Member distributions | (446,770) |
| Net income | 156,662 |
| BALANCE, DECEMBER 31, 2022 | $ (494,370) |
| Member contributions | - |
| Member distributions | (483,344) |
| Net |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the member distributions as of December 31, 2023, were reported in the Statements of Changes in Member's Equity. The balance on December 31, 2023, was a deficit of $475,323.
Specifically, for the year ending December 31, 2023, Crave had member distributions totaling $483,344. This figure represents the amount of money distributed to the member from the company's earnings or capital. Additionally, the company had a net income of $502,391 for the same period.
These figures provide insight into the financial transactions between Crave and its member. The member distributions reflect the cash flow out of the company to the owner, while the net income indicates the company's profitability before these distributions. Prospective franchisees should consider these figures in the context of the overall financial health and stability of the company.