What was the net income or loss for Crave in the year represented by the second column?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| Interest income (expense) | - | - | - |
|---|---|---|---|
| Other income | - | - | - |
| Total other income (expense) | - | - | - |
| Net income (loss) | $ (42,358) | $ 502,391 | $ 156,662 |
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 year represented by the second column in the provided table (2023) was $502,391. This indicates that Crave was profitable during that year.
It's important to note that this net income figure reflects the financial performance of the franchisor, Crave Franchising, LLC, and not the performance of individual franchise locations. A prospective franchisee should not assume that their own franchise will achieve similar results. Factors such as location, operating costs, and local market conditions can significantly impact the profitability of a franchise.
Understanding the franchisor's financial health is crucial for potential franchisees. A profitable franchisor is more likely to provide adequate support, invest in system improvements, and sustain the brand over the long term. However, it is essential to conduct thorough due diligence, including reviewing the complete financial statements and consulting with financial advisors, to assess the overall risk and potential of investing in a Crave franchise.