What is the total value of Crave's total assets as of December 31, 2023?
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 |
| Fixed assets: | |||
| Software | 1,600 | 1,600 | 1,600 |
| Accumulated amortization - software | (1,600) | (1,600) | (1,600) |
| Other assets: | |||
| Intellectual property | 10,500 | 10,500 | 10,500 |
| Sales commissions | 59,000 | 59,000 | 59,000 |
| Accumulated amortization - commissions | (59,000) | (59,000) | (25,694) |
| Total noncurrent assets | 10,500 | 10,500 | 43,806 |
| Total assets | $ 454,930 | $ 522,726 | $ 775,102 |
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 assets as of December 31, 2023, were valued at $522,726. This figure represents the sum of Crave's current assets and noncurrent assets at that specific point in time. Current assets include cash and cash equivalents, accounts receivable, loan receivables, and notes receivable from related parties. Noncurrent assets include intellectual property and sales commissions.
For a prospective franchisee, this figure provides a snapshot of Crave's financial health and stability. While not a comprehensive assessment, it offers insight into the company's resources and its ability to meet its financial obligations. A higher asset value generally indicates a stronger financial position, which can be reassuring for individuals considering investing in a Crave franchise.
It is important to note that this figure is just one data point and should be considered alongside other financial metrics, such as liabilities, revenues, and expenses, to gain a more complete understanding of Crave's financial performance. Additionally, potential franchisees should review Crave's financial statements for previous years to identify any trends or patterns in its asset values. Consulting with a financial advisor is recommended to properly assess the financial implications of investing in a Crave franchise.