As of December 31, 2024, what is the total amount of related party payables for Crave Cookies?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
ear. As of the year ended December 31, 2024, a break-out of the related payables and receivables are as follows:
| Crave Draper, LLC | $ | 20,919 |
|---|---|---|
| Crave Cookies, LLC | 2000 | 1,000 |
| Total related p |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the total related party payables as of December 31, 2024, amounted to $99,435. This figure represents the aggregate amount Crave Cookies owes to related entities. Specifically, the payable is to Crave Midvale, LLC.
Related party transactions are common in franchising, as franchisors often have affiliated companies that provide services or receive payments. However, it's important for prospective Crave Cookies franchisees to understand the nature of these relationships and how they might affect the financial health of the franchise system.
Understanding the details behind related party payables is crucial for franchisees. It is important to investigate the nature of the transactions with Crave Midvale, LLC. A potential franchisee should seek clarification from Crave Cookies regarding the terms and conditions of these payables, including payment schedules and any associated interest. This due diligence will help in assessing the overall financial stability and transparency of Crave Cookies.