factual

Who is the report of independent auditors addressed to for Crave Franchising, LLC?

Crave Franchise · 2025 FDD

Answer from 2025 FDD Document

Report of Independent Auditors

To the Member of Crave Franchising, LLC

Source: Item 23 — RECEIPTS (FDD pages 63–253)

What This Means (2025 FDD)

According to Crave's 2025 Franchise Disclosure Document, the Report of Independent Auditors is addressed to the Member of Crave Franchising, LLC. This indicates that the audit report, which provides an opinion on the fairness and accuracy of Crave's financial statements, is specifically directed to the individual or entity that holds membership in the LLC.

For a prospective franchisee, this information confirms that Crave undergoes an independent audit of its financial records. The audit report is a crucial component of the FDD, offering transparency into the franchisor's financial health. Knowing that the report is addressed to the Member of Crave Franchising, LLC, assures potential franchisees that the audit is conducted with the interests of the ownership in mind, providing an unbiased assessment of the company's financial standing.

This practice is standard in franchising, as audited financial statements are a key element of due diligence for potential franchisees. The independent audit adds credibility to the financial information presented in the FDD, helping franchisees make informed decisions about investing in the Crave franchise system. Franchisees should carefully review these audited statements and consult with financial advisors to fully understand the financial implications of joining the Crave franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.