Who is the owner of Crave Franchising, LLC?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
8 | | Net operating revenue | 866,156 | 1,398,273 | 628,453 |
Crave Franchising, LLC A Wyoming Limited Liability Company Notes to the Financial Statements December 31, 2024
1. Organization
Crave Franchising, LLC (the "Company") is a Wyoming limited liability company formed in February 2018. The Company was formed for the purpose of franchising restaurants nationally in the United States. The Company is owned by one individual member ("Member").
For the years ended December 31, 2024, 2023, and 2022
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, Crave Franchising, LLC is a Wyoming limited liability company that was formed in February 2018 for the purpose of franchising restaurants nationally in the United States. The FDD states that the company is owned by one individual member.
For prospective franchisees, this means that the entire franchise system's direction and financial outcomes are influenced by a single individual. While the FDD does not explicitly name this individual, it does provide some financial context.
The document indicates that for the years ended December 31, 2024, 2023, and 2022, total capital contributions were $0, $0, and $0, respectively, while total capital distributions were $169,340, $483,344 and $446,770, respectively. This shows that while no capital was contributed into the company during those years, significant amounts were distributed to the owner. A prospective franchisee may want to further investigate the financial stability and long-term investment strategy of Crave, given that it is solely owned and has seen consistent capital distributions.