What was the balance for Crave Cookies after owner distributions and net loss as of December 31, 2023?

According to Crave Cookies' 2025 Franchise Disclosure Document, the balance as of December 31, 2023, after accounting for owner distributions and net loss, was a deficit of $(1,184,312). This figure reflects the cumulative financial position of the company at the end of the 2023 fiscal year, taking into account both the distributions made to the owners and any net losses incurred during the year. This number is important for prospective franchisees to consider.

The balance is calculated by starting with the balance from the previous year, December 31, 2022, and then subtracting owner distributions and the net loss for 2023. The owner distributions for 2023 totaled $(299,129), and the net loss for the same year was $(444,708). These deductions from the prior year's balance resulted in the final balance of $(1,184,312) as of December 31, 2023.

This information is crucial for potential franchisees as it provides insight into the financial stability and performance of Crave Cookies. A significant deficit may indicate potential financial challenges or heavy investment in growth, which could affect the franchisor's ability to support its franchisees. Therefore, reviewing these figures in the context of the company's overall financial statements and business plan is essential for making an informed investment decision.