Do the Crave Cookies financial statements include any pro forma financial statements?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Accountants' Audit Report
Crave 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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
Based on the 2025 Crave Cookies Franchise Disclosure Document, the provided excerpts from Item 21, which includes the financial statements and independent auditor's reports for the company, do not contain any pro forma financial statements. The financial statements included are balance sheets, statements of operations, members' equity/deficit, and cash flows for various periods.
The auditor's reports from Mellor and Associates, PLLC and Forvis, along with the notes to the financial statements, detail the scope and basis of their opinions on the company's financial position and results of operations. These reports cover the years 2021 through 2024. The absence of pro forma financial statements means that the document does not present hypothetical or projected financial scenarios.
A prospective Crave Cookies franchisee should be aware that the FDD does not include any forward-looking financial projections from the franchisor. Therefore, it is crucial for potential franchisees to conduct their own independent financial analysis and due diligence, including creating their own pro forma statements based on their specific circumstances and market conditions. It would be prudent to consult with a financial advisor to develop realistic financial projections for their potential Crave Cookies franchise.