Do the Crave Cookies financial statements include a statement of cash flows?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
Members and Management Crave Cookies Franchising, LLC Riverton, Utah
Opinion
We have audited the financial statements of Crave Cookies Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2023 and 2022, and the related statements of operations, members' deficit, and cash flows for the years ended December 31, 2023 and 2022, 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 the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years 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)
According to Crave Cookies' 2025 Franchise Disclosure Document, the financial statements include a statement of cash flows. Specifically, the Independent Auditor's Report indicates that the audit encompassed the balance sheets, statements of operations, members' deficit, and cash flows. This signifies that the financial statements provide a comprehensive view of the company's financial activities, including how cash is generated and used.
The inclusion of a statement of cash flows is a standard practice in financial reporting, as it offers insights into a company's liquidity and solvency. For a prospective Crave Cookies franchisee, this statement is valuable because it helps assess the company's ability to manage its cash effectively. It shows where Crave Cookies' cash is coming from (e.g., operations, financing) and where it is being spent (e.g., investments, debt repayment).
Furthermore, the Independent Auditor's Report confirms that the financial statements of Crave Cookies fairly present its financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America. This provides an additional level of assurance for potential franchisees, as it indicates that the financial statements have been reviewed and validated by an independent accounting firm.