What was the net income or loss for Crave in the year represented by the first column?

According to Crave's 2025 Franchise Disclosure Document, the net loss for the year ended December 31, 2024, was $42,358. This is based on the statement of operations included in the financial statements. The document also includes the net income for the years ended December 31, 2023, and December 31, 2022, which were $502,391 and $156,662, respectively.

For a prospective franchisee, this information is crucial for understanding Crave's financial performance over the past three years. The net loss in 2024, compared to net income in the previous two years, could signal potential challenges or changes in the business model. It is important to note that these figures reflect the financial performance of the franchisor, Crave Franchising, LLC, and not the performance of individual franchise locations.

A potential franchisee should investigate the reasons behind the shift from net income to net loss in 2024. Understanding the factors that contributed to this change, such as increased expenses, decreased revenues, or changes in accounting practices, is essential for assessing the financial stability and future prospects of the franchise system. It would be prudent to discuss these figures with Crave's management team to gain a deeper understanding of their financial strategy and outlook.

Furthermore, the FDD also shows that initial franchise fees billed were $485,000 in 2024, $725,000 in 2023, and $795,000 in 2022. This trend indicates a decrease in initial franchise fees billed over the three years. A prospective franchisee should consider this information in conjunction with the net income/loss figures to get a comprehensive view of Crave's financial health and growth trajectory.