What is the name of the company whose financial statements are included in the Crave FDD?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
To the Member of Crave Franchising, LLC
Opinion
We have audited the accompanying financial statements of Crave Franchising, LLC, (the Company), a Wyoming limited liability company, which comprise Balance sheet as of December 31, 2024, 2023, and 2022, and the related statement of operations and member's equity and cash flows for the year ended December 31, 2024, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the year ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the financial statements included are for Crave Franchising, LLC, which is identified as a Wyoming limited liability company. The financial statements include the balance sheets as of December 31, 2024, 2023, and 2022, along with the statement of operations, member's equity, and cash flows for the year ended December 31, 2024.
The report also includes notes to the financial statements, providing additional details about the company's organization, accounting policies, and financial position. These statements are audited by independent auditors, who provide an opinion on their fairness and conformity with accounting principles generally accepted in the United States of America.
Prospective franchisees should review these financial statements carefully to understand Crave's financial health and stability. Understanding the franchisor's financial standing is a crucial part of assessing the overall risk and potential of investing in a Crave franchise. The financial statements offer insights into the company's revenues, expenses, assets, and liabilities, which can help franchisees make informed decisions.