How much did the owners distribute from Crave Cookies in 2023?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
| 4, | 584 | | Total operating expenses | | 1,411,061 | 550, | 581 | | Net Loss | s | (444,708) $ | (84. | 420 |
| Balance, January 1, 2022 | $ (177,601) |
|---|---|
| Owner distributions | (178,454) |
| Net loss | (84,420) |
| Balance, December 31, 2022 | (440,4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the owners' distributions from the company in 2023 totaled $299,129. This figure represents the amount of money the owners took out of the company for their personal use during that year. This is an important figure for prospective franchisees to consider, as it provides insight into how the company's profits are allocated.
It's also important to note that Crave Cookies experienced a net loss of $444,708 in 2023. This means that while the owners took out $299,129, the company's overall financial performance resulted in a significant loss. This could be due to a variety of factors, such as high operating costs, low sales, or significant investments in growth.
The combination of owner distributions and a net loss resulted in a decrease in the company's balance, from $(440,475) at the end of 2022 to $(1,184,312) at the end of 2023. This information is crucial for potential franchisees to evaluate the financial stability and management of Crave Cookies before investing in a franchise.