Does Crave provide financial statements for the year ending December 31, 2024?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Crave Franchising, LLC, (the Company), a Wyoming limited liability company, which comprise Balance sheet as of December 31, 2024, 2023, and 2022, and the related statement of operations and member's equity and cash flows for the year ended December 31, 2024, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the year ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the company includes audited financial statements. These statements comprise the balance sheets as of December 31, 2024, 2023, and 2022, along with the related statements of operations, member's equity, and cash flows for the year ended December 31, 2024.
The inclusion of these financial statements is intended to provide prospective franchisees with an overview of Crave's financial health and performance over the past three years. This allows potential franchisees to assess the company's revenue, expenses, assets, liabilities, and cash flow trends.
The financial statements have been audited by an independent auditor, and their report is included. The auditor's opinion states that the financial statements present fairly Crave's financial position as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the year ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.