As of what date is the balance sheet presented for Crave Cookies?

According to Crave Cookies' 2025 Franchise Disclosure Document, the balance sheet is presented as of December 31, 2024. The independent accountants' audit report confirms that they audited the financial statements of Crave Cookies Franchising, LLC, which include the balance sheet for this date. This information is crucial for prospective franchisees as it provides a snapshot of the company's financial position at the end of the year.

The audit report also covers the related statements of income, members' equity, and cash flows for the year ending on the same date, offering a comprehensive view of the company's financial performance. The auditors' opinion states that the financial statements fairly represent the financial position of Crave Cookies as of December 31, 2024, in accordance with accounting principles generally accepted in the United States of America. This opinion provides assurance to potential franchisees about the reliability of the financial information presented.

Furthermore, the notes to the financial statements provide additional context and details about the company's accounting policies and practices. For example, Note 1 discusses the organization of Crave Cookies Franchising, LLC, its operations as a franchise company, and the use of estimates in preparing the financial statements. It also addresses concentrations of credit risk, cash and cash equivalents, and contract receivables. These notes are essential for understanding the underlying assumptions and judgments that went into preparing the balance sheet and other financial statements. A prospective franchisee should carefully review these notes to gain a deeper understanding of the company's financial health and stability.