Is the Marketing Fund financial statement for Crave Cookies audited?

According to Crave Cookies's 2025 Franchise Disclosure Document, the annual financial statement for the Marketing Fund will be unaudited. Crave Cookies Franchising will prepare this statement within 120 days of the close of their fiscal year. Franchisees can request this financial statement from Crave Cookies Franchising.

This means that the financial statement provided to franchisees regarding the Marketing Fund will not be verified by an independent accounting firm. While Crave Cookies is obligated to provide this statement, there is no guarantee of its accuracy beyond the company's own internal accounting practices.

Prospective franchisees should be aware that unaudited financial statements carry a higher risk of inaccuracies compared to audited statements, which undergo external verification. It would be prudent for potential franchisees to carefully review the unaudited financial statements and consider asking Crave Cookies for more detailed information or clarification on any aspects of the Marketing Fund's financials.

While the FDD states that Crave Cookies has no fiduciary duty with regard to the Marketing Fund, it does state that the Marketing Fund will be used only for marketing, advertising, and public relations materials, programs, and campaigns. This provides some assurance that the funds will be used for their intended purpose.