What financial statements must be included in the annual financial statement submitted by a Crave Cookies franchisee?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
nchising may request.
- (c) Government Inspections. Franchisee shall give Crave Cookies Franchising copies of all inspection reports, warnings, certificates, and ratings issued by any governmental entity with respect to the Business, within three days of Franchisee's receipt thereof.
- (d) Other Information. Franchisee shall submit to Crave Cookies Franchising such other financial statements, budgets, forecasts, reports, records, copies of contracts, documents related to litigation, tax returns, copies of governmental permits, and other documents and information related to the Business as specifi
Source: Item 22 — CONTRACTS (FDD page 47)
What This Means (2025 FDD)
Based on the 2025 Crave Cookies Franchise Disclosure Document, franchisees are required to submit various financial and business-related documents to Crave Cookies Franchising. While the FDD mentions the submission of financial statements, budgets, forecasts, reports, records, copies of contracts, documents related to litigation, tax returns, copies of governmental permits, and other documents and information related to the Business, it does not explicitly specify which particular financial statements must be included in the annual financial statement.
Crave Cookies Franchising retains the right to request any information needed to prepare a financial performance representation for its Franchise Disclosure Document. This broad authority allows Crave Cookies to gather data deemed necessary for assessing the financial health and performance of individual franchise locations and the overall franchise system.
Prospective franchisees should directly inquire with Crave Cookies Franchising about the specific financial statements required on an annual basis. This will ensure clarity and compliance with the franchisor's reporting requirements. Understanding these obligations is crucial for managing the franchise effectively and maintaining a transparent relationship with Crave Cookies.