factual

What is the date that the financial statements were available to be issued for Crave Cookies?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

Subsequent events have been evaluated through May 30, 2024, which is the date the financial statements were available to be issued.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)

What This Means (2025 FDD)

According to Crave Cookies's 2025 Franchise Disclosure Document, the financial statements were available to be issued by May 30, 2024. This date is important because it signifies the completion of the audit and financial review process for the company's records as of a specific period.

For a prospective franchisee, this date indicates the recency and reliability of the financial information presented in the FDD. The financial statements reflect the financial health and performance of Crave Cookies up to December 31, 2022 and 2021, with subsequent events evaluated until May 30, 2024. This evaluation period helps ensure that any significant events occurring after the close of the fiscal year are also considered and disclosed.

It is standard practice for franchisors to include audited financial statements in their FDDs, providing potential franchisees with a snapshot of the company's financial standing. The availability date confirms when management had completed their assessment of events that could impact the company's ability to continue as a going concern. Franchisees should review these statements and notes carefully, possibly with a financial advisor, to understand the financial stability and operational performance of Crave Cookies before making an investment decision.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.