What is the total value of Crave's current assets as of December 31, 2024?
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 company's total current assets as of December 31, 2024, were valued at $444,430. This figure represents the sum of several liquid and near-liquid assets the company possesses. These assets include cash and cash equivalents, accounts receivable, loan receivable, and notes receivable from related parties.
Specifically, Crave's current assets include $48,991 in cash and cash equivalents, $56,829 in accounts receivable, $18,223 in loan receivable, and $320,387 in notes receivable from related parties. These components provide a snapshot of the company's financial health and its ability to meet short-term obligations.
For a prospective franchisee, understanding the composition and value of these current assets is crucial. It offers insight into Crave's liquidity and its capacity to invest in franchisee support, marketing, and overall system development. A higher value of current assets generally indicates a stronger financial position, which can be reassuring for individuals considering investing in a Crave franchise. However, it's also important to consider how these assets are distributed among different categories, as a large portion tied up in notes receivable from related parties might raise questions about the company's cash flow management.