What years are the Crave Franchising, LLC balance sheets presented for?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Crave Franchising, LLC, (the Company), a Wyoming limited liability company, which comprise Balance sheet as of December 31, 2024, 2023, and 2022, and the related statement of operations and member's equity and cash flows for the year ended December 31, 2024, and the related notes to the financial statements.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the company's balance sheets are presented for December 31, 2024, 2023, and 2022. This provides a three-year overview of Crave's financial position.
Having three years of balance sheets allows prospective franchisees to see trends in Crave's assets, liabilities, and equity over time. This helps in assessing the financial stability and growth of the company. A consistent and positive trend in key financial metrics can be a good indicator of a healthy franchise system.
It is important for potential franchisees to carefully review these balance sheets, along with the related statements of operations, member's equity, and cash flows, to gain a comprehensive understanding of Crave's financial performance. Consulting with a financial advisor to analyze these statements is advisable before making any investment decisions.