What is the net income reported in the Crave Cookies financial statements?
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.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the "Auditor's Responsibilities for the Audit of the Financial Statements" section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
I am unable to provide the net income for Crave Cookies, as it is not present within the provided excerpts from the 2025 Franchise Disclosure Document. The excerpts contain the independent auditor's reports for the years 2021, 2022, 2023 and 2024. These reports confirm that audits of Crave Cookies' financial statements were conducted, including balance sheets, statements of operations, member's equity/deficit, and cash flows. The excerpts also include notes to the financial statements, which describe accounting policies, potential claims, lawsuits, and adjustments. However, the specific net income figures are not disclosed in these excerpts.
A prospective Crave Cookies franchisee would need to review the complete financial statements within Item 21 of the FDD to determine the company's net income for those years. Analyzing net income trends over these years is essential for assessing the financial health and profitability of the franchisor. This information would help a franchisee understand the potential financial stability and growth prospects of Crave Cookies.
To gain a comprehensive understanding, a potential franchisee should ask Crave Cookies for the full audited financial statements. This will allow for a detailed review of revenues, expenses, and ultimately, the net income (or loss) of the company. Understanding these figures is crucial for making an informed investment decision.