Do the Crave Cookies financial statements include a balance sheet?

According to Crave Cookies' 2025 Franchise Disclosure Document, the company's financial statements do include a balance sheet. The Independent Accountants' Audit Report states that the audit of Crave Cookies Franchising, LLC, includes a balance sheet as of December 31, 2024. This balance sheet is part of a larger set of financial statements that also includes statements of income, members' equity, and cash flows for the year then ended, along with related notes.

The inclusion of a balance sheet in the financial statements is standard practice, as it provides a snapshot of the company's assets, liabilities, and equity at a specific point in time. This information is crucial for assessing the company's financial health and stability. Prospective franchisees can use the balance sheet to evaluate Crave Cookies' ability to meet its financial obligations and manage its resources effectively.

The audit report indicates that the financial statements, including the balance sheet, are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This provides a level of assurance that the financial information is reliable and accurate. The audit was conducted according to auditing standards generally accepted in the United States of America, further reinforcing the credibility of the financial statements.

For a prospective Crave Cookies franchisee, reviewing the balance sheet and other financial statements is an essential step in the due diligence process. It allows them to understand the franchisor's financial position and make informed decisions about investing in the franchise. Consulting with a financial advisor to interpret these statements is highly recommended.