What years are the Crave Franchising, LLC financial statements audited 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.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the year ended December 31, 2024, in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the company's financial statements comprise balance sheets as of December 31 for the years 2024, 2023, and 2022. The audit also includes the statement of operations, member's equity, and cash flows for the year ending December 31, 2024, along with related notes.
This means that prospective Crave franchisees can review three years of the company's financial history to identify trends and assess financial stability. These audited financial statements provide an overview of Crave's financial performance, including assets, liabilities, equity, revenues, and expenses, over the stated period.
The inclusion of multiple years allows potential franchisees to see how Crave has performed over time, which can be more informative than just a single year's data. Reviewing these statements can help franchisees evaluate the franchisor's financial health and sustainability, which is a critical factor in their investment decision. The audit was conducted according to generally accepted auditing standards in the United States of America.