Does the Crave Cookies FDD Item 21 include financial statements?

According to Crave Cookies' 2025 Franchise Disclosure Document, Item 21 contains the company's financial statements. These statements include balance sheets, statements of operations, statements of cash flow, and statements of member equity or deficit for multiple years.

Specifically, the FDD includes Independent Auditor's Reports and notes to the financial statements. These reports offer an opinion on the fairness of Crave Cookies' financial presentation in accordance with generally accepted accounting principles. The notes to the financial statements provide additional detail on various accounting policies, estimates, and potential risks, such as those related to litigation or credit concentrations.

For a prospective Crave Cookies franchisee, this means they have access to audited financial information to assess the financial health and stability of the franchisor. Reviewing these statements and notes, along with the auditor's opinion, can help a franchisee understand Crave Cookies' revenue, expenses, assets, liabilities, and cash flow trends. This information is crucial for making an informed investment decision and evaluating the potential risks and rewards of investing in a Crave Cookies franchise.