factual

Do the Crave Cookies financial statements include an income statement?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

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.

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 an income statement. Specifically, the independent accountants' audit report states that the audit encompassed the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended. This indicates that an income statement is part of Crave Cookies' audited financial statements.

This inclusion is standard practice for franchise financial reporting. The income statement provides a summary of Crave Cookies' revenues, expenses, and profits over a specific period, giving prospective franchisees insight into the franchisor's financial performance. Reviewing these statements allows potential franchisees to assess the financial health and stability of Crave Cookies before investing.

The auditor's opinion confirms that the financial statements, including the income statement, are presented fairly and in accordance with accounting principles generally accepted in the United States of America. This adds credibility to the financial information provided in the FDD. Franchisees should carefully examine the income statement, along with the other financial statements and notes, to gain a comprehensive understanding of Crave Cookies' financial condition.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.