Who pays for the statement of operations for the Crave Brand Development Fund?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
- 8.3.3 A statement of the operations of the Fund shall be prepared annually by our accountants and shall be made available to you on written request.
The cost of the statement shall be paid by the Fund.
We are not required to have any Fund statement audited, but if we choose to have the Fund audited it will be at the Fund's expense.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the Brand Development Fund covers the cost of the statement of operations. Crave's accountants prepare an annual statement of operations for the Brand Development Fund, which is then made available to franchisees upon written request.
Specifically, the cost of preparing this statement is paid directly from the Brand Development Fund itself. This means that franchisee contributions to the fund are used, in part, to cover the expense of creating the statement.
Additionally, while Crave is not required to have the fund statement audited, should they choose to do so, the expense of that audit would also be borne by the Brand Development Fund. This financial transparency measure ensures franchisees can access information about how the fund is being managed and utilized, with the costs of providing this information being covered by the fund itself.