table_specific

What was the net income for Crave as of December 31, 2022?

Crave Franchise · 2025 FDD

Answer 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 net income for the period ending December 31, 2022, was $156,662. This figure is part of the statement of changes in member's equity, detailing how the equity balance changed over time due to net income and member distributions. Understanding the net income helps potential franchisees assess the financial performance and profitability of Crave's franchising operations during that specific year.

It's important to note that this net income is for Crave Franchising, LLC itself, and not for individual franchise locations. The financial performance of the franchisor can influence its ability to support franchisees, invest in marketing, and maintain the overall brand. A positive net income generally indicates financial stability and efficient management, which can be reassuring for prospective franchisees.

However, franchisees should also consider other factors such as revenue trends, expenses, and cash flow when evaluating the financial health of Crave. Reviewing the complete financial statements and seeking professional financial advice is crucial for making an informed investment decision. The FDD also includes financial statements for 2023 and 2024, allowing for a comparison of Crave's financial performance over multiple years.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.