factual

What was the net loss for Crave as of December 31, 2024?

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 company experienced a net loss of $42,358 for the year ending December 31, 2024. This contributed to an overall balance of $(687,021) as of that date. This figure is important for potential franchisees to consider as it reflects the financial performance of the franchising company.

In addition to the net loss, Crave also distributed $169,340 to its member during the same period. These distributions, combined with the net loss, impacted the overall financial standing of the company. Understanding these factors can help a prospective franchisee assess the financial stability and management of Crave.

It's worth noting that while Crave experienced a net loss in 2024, it had a net income of $502,391 in 2023. This indicates some variability in the company's financial performance over the past few years. Reviewing these trends can provide a more comprehensive understanding of the potential risks and rewards associated with investing in a Crave franchise.

Prospective franchisees should further investigate the reasons behind the net loss in 2024 and the strategies Crave is implementing to improve its financial performance. This due diligence will help them make an informed decision about whether to invest in a Crave franchise.

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.