For what year is the Crave Franchising, LLC statement of operations presented?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
CRAVE FRANCHISING, LLC STATEMENTS OF OPERATIONS
For the years ended December 31, 2024, 2023, and 2022
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the statement of operations is presented for the years ended December 31, 2024, 2023, and 2022. This means that the financial performance of Crave Franchising, LLC is detailed for these three consecutive years, offering a view of the company's recent financial history.
For a prospective franchisee, this information is crucial for evaluating the financial stability and performance trends of Crave. By examining the statement of operations for these years, potential franchisees can assess revenue, expenses, and profitability, which are key indicators of the franchisor's business model and its ability to support franchisees.
It's important to note that while the statement of operations provides historical data, it does not guarantee future performance. However, analyzing these trends can help franchisees make informed decisions about their investment and assess the potential risks and rewards associated with investing in a Crave franchise. Additionally, the independent auditor's report indicates that the financial statements present fairly the financial position of Crave for these years, adding credibility to the reported data.