What was the total operating expense for Crave in the third period?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| Advertising & marketing | 50,375 | 99,102 | 25,856 | |
|---|---|---|---|---|
| Amortization | 33,306 | 14,894 | ||
| Brand development | 151,464 | 126,686 | 69,596 | |
| Legal & professional | 68,395 | 33,208 | 26,176 | |
| General & admin | 337,576 | 336,299 | 179,333 | |
| Payroll expenses | 300,704 | 267,281 | 155,936 | |
| Total operating expenses | 908,514 | 895,882 | 471,791 | |
| Operating income (loss) | (42,358) | 502,391 | 156,662 |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the total operating expenses for the period ended December 31, 2022, which can be considered the third period in the provided financial data, were $471,791.
This figure represents the sum of various expenses including advertising and marketing, amortization, brand development, legal and professional fees, general and administrative costs, and payroll expenses. For a prospective franchisee, understanding the breakdown of these operating expenses is crucial for projecting their own potential costs and profitability.
It's important to note that these figures reflect Crave's corporate expenses and may not directly translate to the operating expenses of an individual franchise location. Factors such as location, sales volume, and management efficiency can significantly impact a franchisee's actual expenses. Therefore, while this information provides a general benchmark, franchisees should conduct their own due diligence and create detailed financial projections based on their specific circumstances.