Does the Crave Cookies FDD include Statements of Cash Flows?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
ve Cookies Franchising, LLC Holladay, Utah
To the Members of Crave Cookies Franchising, LLC:
Opinion
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.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Crave Cookies Franchising, LLC as of December 31, 2024 and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Crave Cookies Franchising, LLC, and to meet our other ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the financial statements include statements of cash flows. Specifically, the independent auditor's reports indicate that the audits covered the balance sheets, statements of operations, members' equity (or deficit), and cash flows for the specified periods. This confirms that Crave Cookies provides statements of cash flows as part of their audited financial statements.
The inclusion of a statement of cash flows is a standard practice in financial reporting, as it provides insights into how Crave Cookies generates and uses cash. This statement is crucial for prospective franchisees because it helps them understand the company's liquidity and solvency. By reviewing the cash flow statement, franchisees can assess Crave Cookies' ability to meet its short-term obligations and fund its operations.
The independent auditor's reports for the years 2021-2024 explicitly mention that the audit included statements of cash flows. This consistent inclusion across multiple years suggests that Crave Cookies adheres to standard accounting practices and provides a comprehensive view of its financial activities. Franchisees should carefully examine these statements to gain a deeper understanding of the financial health of Crave Cookies.
Furthermore, the notes to the financial statements also reference the statement of cash flows when defining cash and cash equivalents. This indicates that Crave Cookies management and auditors consider the statement of cash flows an integral part of the overall financial reporting, reinforcing its importance for potential investors and franchisees.