As of what date is the balance sheet presented in the Crave Cookies financial statements?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crave Cookies Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies's 2025 Franchise Disclosure Document, the balance sheet presented in the financial statements is 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. This provides a snapshot of the company's financial position at the close of the year.
This date is important for prospective franchisees because it represents the most recent year-end financial data available in the FDD. Reviewing the balance sheet as of December 31, 2024, allows potential franchisees to assess the company's assets, liabilities, and equity at that specific point in time. This information can be used to evaluate the financial health and stability of Crave Cookies.
In addition to the balance sheet as of December 31, 2024, the audit report also covers the related statements of income, members' equity, and cash flows for the year then ended. This comprehensive view of Crave Cookies's financial performance helps franchisees make informed decisions about investing in the franchise. It is typical for franchisors to include audited financial statements in their FDDs to provide transparency and build trust with potential franchisees.