Does Crave provide financial statements for the year ending December 31, 2023?

According to Crave's 2025 Franchise Disclosure Document, the company includes audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. This includes a balance sheet, statement of operations and member's equity, and cash flows for the year ended December 31, 2024.

These financial statements offer prospective franchisees insight into Crave's financial health over the past three years. By reviewing these documents, potential franchisees can assess Crave's revenue, expenses, assets, liabilities, and overall profitability. This information can be crucial in evaluating the stability and growth potential of the franchise system.

The inclusion of audited financial statements for multiple years is a common practice in franchising, as it provides a more comprehensive view of the franchisor's financial performance. The audit opinion from an independent auditor adds credibility to the financial statements, assuring potential franchisees that the information presented has been reviewed and verified by a qualified professional. Franchisees should carefully examine these statements and consider consulting with a financial advisor to fully understand the implications before making an investment decision.

Furthermore, the notes to the financial statements provide additional details on Crave's accounting policies, related party transactions, and other relevant financial information. For example, the notes disclose that total advertising expenses for the years ended December 31, 2024, 2023, and 2022 were $50,375, $99,102 and $25,856, respectively. Understanding these policies and transactions can help franchisees gain a deeper understanding of Crave's financial practices and potential risks.