What was the balance for Crave Cookies on January 1, 2022?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
| 4, | 584 | | Total operating expenses | | 1,411,061 | 550, | 581 | | Net Loss | s | (444,708) $ | (84. | 420 |
| Balance, January 1, 2022 | $ (177,601) |
|---|---|
| Owner distributions | (178,454) |
| Net loss | (84,420) |
| Balance, December 31, 2022 | (440,4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the balance on January 1, 2022, was $(177,601). This indicates a deficit or negative balance at the beginning of the year. This figure is part of a broader table detailing changes in the company's balance over time.
Specifically, the table also shows owner distributions and net losses that contributed to the balance changes. For example, owner distributions in 2022 were $(178,454), and the net loss was $(84,420). These factors, combined with the initial balance, resulted in a balance of $(440,475) by December 31, 2022.
Prospective franchisees should consider these figures as indicators of the financial health and stability of Crave Cookies. Understanding the factors that influence these balances, such as owner distributions and net losses, can provide valuable insights into the company's financial management practices. Reviewing these financial statements carefully is essential for making an informed investment decision.