What years do the audited financial statements for Crave cover?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached to this Disclosure Document as Exhibit A are our audited financial statements for the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 62)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the audited financial statements included cover the fiscal years ended December 31, 2024, December 31, 2023, and December 31, 2022. This means that the document provides a three-year financial history of the company, which is a standard practice in franchise disclosure.
For a prospective franchisee, this information is crucial for evaluating the financial stability and performance of Crave. By examining these statements, a potential franchisee can assess the company's revenue trends, profitability, assets, and liabilities over the three-year period. This historical data can help in making an informed decision about investing in a Crave franchise.
It is important to note that the financial statements are audited, meaning they have been reviewed by an independent accounting firm. This provides a level of assurance that the information presented is accurate and reliable. Franchisees should carefully review these statements and consult with a financial advisor to fully understand the financial health of Crave before making any investment decisions.