In the Crave Multi-Unit Development Agreement, what state is Crave Franchising, LLC a limited liability company in?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Operating revenues | |||
| Franchise fee revenue | $ 475,000 | $ 972,500 | $ 305,000 |
| 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").
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. The company 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 relevant for understanding the legal structure and formation of the company they are franchising with. Knowing the state of formation can be important for legal and regulatory considerations.
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.