What was the balance for Crave Cookies on December 31, 2023?

According to Crave Cookies' 2025 Franchise Disclosure Document, the balance as of December 31, 2023, was a deficit of $1,184,312. This figure reflects the cumulative financial position of Crave Cookies at the end of 2023, taking into account factors such as owner distributions and net losses.

Specifically, the provided table outlines the progression of the balance. It starts with a balance of $(177,601) on January 1, 2022. Throughout 2022, owner distributions amounted to $(178,454) and the net loss was $(84,420), resulting in a balance of $(440,475) by December 31, 2022. In the subsequent year, 2023, additional owner distributions of $(299,129) and a net loss of $(444,708) led to the final balance of $(1,184,312) as of December 31, 2023.

For a prospective franchisee, this information is crucial as it provides insight into the financial health and stability of Crave Cookies. A significant deficit may indicate potential financial challenges or a need for careful financial management. It's essential for potential franchisees to consider these figures in conjunction with other financial data and to conduct thorough due diligence to assess the overall risk and opportunity associated with investing in a Crave Cookies franchise.