What were the total receipts for Crave for the year ending December 31, 2022?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| Year ending December 31, 2024: | Amount | |
|---|---|---|
| 2025 | $ | 925,000 |
| 2026 | - | |
| 2027 | - | |
| 2028 | - | |
| 2029 | - | |
| Thereafter | _ | - |
| Total | $_ _ | 925,000 |
| Year ending December 31, 2023: | Amount | |
| 2024 | $ | 935,000 |
| 2025 | - | |
| 2026 | - | |
| 2027 | - | |
| 2028 | - | |
| Thereafter | _ | - |
| Total | $_ | 935,000 |
| Year ending December 31, 2022: | Amount | |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the total receipts for the year ending December 31, 2022, were $1,225,000. This figure represents the total revenue Crave Franchising, LLC received during that year.
This information is crucial for prospective franchisees as it provides insight into the financial performance of Crave as a franchise system. Understanding the franchisor's revenue can help potential franchisees assess the overall health and stability of the company. A higher revenue generally indicates a stronger brand and more successful franchise model.
However, it is important to note that this figure reflects the franchisor's receipts, not the revenue of individual franchise locations. Prospective franchisees should also review Item 19 in the FDD, which may provide information on the financial performance of existing franchise units. Additionally, it is advisable to conduct independent research and due diligence, including speaking with current franchisees, to gain a comprehensive understanding of the potential financial performance of a Crave franchise.