What was the total value of Crave's accounts receivable in the earliest year presented in the balance sheet?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets: | |||
|---|---|---|---|
| Cash and cash equivalents | $ 48,991 | $ 139,884 | $ 324,440 |
| Accounts receivable | 56,829 | 51,955 | 30,518 |
| Loan receivable | 18,223 | - | 55,951 |
| Note receivable - related parties | 320,387 | 320,387 | 320,387 |
| Deferred sales commissions | - | - | - |
| Total current assets | 444,430 | 512,226 | 731,296 |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the balance sheet includes financial data for the years 2022, 2023, and 2024. In 2022, the total value of Crave's accounts receivable was $30,518.
Accounts receivable represents money owed to Crave by its customers or franchisees for goods or services already provided. This is a current asset, meaning it is expected to be converted into cash within one year. Monitoring accounts receivable is important for assessing the financial health and liquidity of Crave.
Prospective franchisees should pay attention to the trend of accounts receivable over the three years presented. A significant increase in accounts receivable could indicate potential issues with collecting payments, while a decrease might suggest improved collection processes or changes in sales patterns. Reviewing these figures in conjunction with revenue data can provide a more comprehensive understanding of Crave's financial performance.