What were the total receipts for Crave for the year ending December 31, 2023?

According to Crave's 2025 Franchise Disclosure Document, the total receipts for the year ending December 31, 2023, amounted to $935,000. This figure represents the total revenue Crave Franchising, LLC generated during that fiscal year.

This information is crucial for prospective franchisees as it provides insight into the financial performance of Crave. Understanding the franchisor's revenue trends can help potential franchisees assess the stability and growth potential of the franchise system. A consistent or increasing revenue stream for the franchisor often indicates a healthy and well-managed franchise network.

However, it is important to note that this figure reflects the franchisor's receipts, not the revenue of individual franchise locations. Franchisees should also review the financial performance representations (if any) in Item 19 of the FDD and conduct their own independent research to estimate potential revenues and expenses for their specific location. This includes considering factors such as local market conditions, competition, and operating costs.

In addition to total receipts, prospective franchisees may want to inquire about the sources of revenue, such as initial franchise fees, royalties, and other service fees, to gain a comprehensive understanding of Crave's financial model. Understanding the breakdown of revenue sources can help franchisees evaluate the long-term sustainability and profitability of the franchise system.