What was the difference in operating lease cost for Crave Cookies between 2022 and 2023?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
ive Disclosures
The lease cost and other required information for the years ended December 31, 2023 and 2022, are:
| - | 2023 | - | 2022 | |
|---|---|---|---|---|
| Lease cost | ||||
| Operating lease cost | $ | 9,987 | $ | 8,042 |
| Total lease cost | $ | 9,987 | $ | 8,042 |
| Other information |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the operating lease cost for 2023 was $9,987, while in 2022, it was $8,042. This indicates an increase in operating lease costs for Crave Cookies from 2022 to 2023.
For a prospective franchisee, understanding these figures is crucial as it reflects the franchisor's leasing expenses, which can provide insights into potential cost management and financial health. While these figures pertain to the franchisor's costs, they can serve as a benchmark for franchisees to compare their own leasing expenses once they establish their Crave Cookies location.
The FDD also mentions that the cash paid for amounts included in the measurement of lease liabilities was $6,914 in 2023 and $7,719 in 2022. This information, alongside the operating lease costs, offers a more comprehensive view of Crave Cookies' leasing activities and financial obligations. Franchisees should consider these factors when evaluating the overall financial performance and stability of the franchise system.