What is the purpose of including Exhibit A in the Crave Franchise Disclosure Document?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
I received a Disclosure Document dated March 26, 2025, that included the following Exhibits:
Exhibit A – Financial Statements
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, Exhibit A contains the company's financial statements. Specifically, the exhibit includes Crave Franchising, LLC's financial statements alongside a report from independent auditors for the years 2024, 2023, and 2022.
For a prospective franchisee, reviewing these financial statements is crucial for assessing the financial health and stability of Crave. These statements provide insights into the company's revenues, expenses, assets, and liabilities, allowing potential franchisees to evaluate the franchisor's ability to support its franchisees and maintain the brand's integrity.
By examining the financial statements, a potential Crave franchisee can identify trends, assess profitability, and determine whether the company has a history of financial stability. This information is vital for making an informed decision about investing in a Crave franchise and understanding the potential risks and rewards associated with the venture.