What was the end of year accounts receivable for Crave Cookies in 2023?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
ut the Company's contract assets and liabilities from contracts with customers as of December 31, 2023 and 2022:
| 2023 | 2022 | |
|---|---|---|
| Accounts receivable, beginning of year | $ 17,607 | $ - |
| Accounts receivable, end of year | $ 99,999 | $ 17,607 |
| Contract assets, beginning of year | $ 2 | $ 44,595 |
| Contract assets, end of year | $ | $ |
| Contract liabili |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the end of year accounts receivable for 2023 was $99,999. This figure represents the amount of money owed to Crave Cookies by its customers or franchisees at the end of the fiscal year. Accounts receivable are amounts due to a business for goods sold or services rendered on credit.
For a prospective Crave Cookies franchisee, understanding the accounts receivable can provide insights into the financial health and revenue collection efficiency of the franchisor. A high accounts receivable balance might indicate that Crave Cookies extends credit to its franchisees or customers, and it is important to assess the risk associated with collecting these receivables.
It's also worth noting that the beginning of year accounts receivable for 2023 was $17,607. This shows a significant increase in accounts receivable throughout the year, which could be due to increased sales, changes in credit policies, or other factors. A franchisee should inquire about the reasons for this increase to better understand the financial dynamics of Crave Cookies.