What was the net loss for Crave Cookies in 2022?

According to Crave Cookies's 2025 Franchise Disclosure Document, the company experienced a net loss of $84,420 in 2022. This figure is part of a broader overview of the company's financial performance during that year. Additionally, the balance on January 1, 2022, was a deficit of $177,601, and owner distributions during the year amounted to $178,454.

For a prospective franchisee, understanding these figures is crucial for assessing the financial health and stability of Crave Cookies. A net loss indicates that the company's expenses exceeded its revenues during that period, which could raise concerns about its profitability and sustainability. However, it's important to consider this figure in the context of the company's overall financial history and future projections.

The owner distributions of $178,454 also provide insight into how the company's profits are being allocated. High owner distributions could potentially impact the company's ability to reinvest in growth or weather financial challenges. Therefore, a prospective franchisee should carefully evaluate these figures and consider their potential implications for the franchise's financial performance and long-term viability. It would be prudent to discuss these figures with Crave Cookies to understand the context and future financial strategies.

It is also important to note that these figures are based on the company's financial statements, which are prepared in accordance with accounting principles generally accepted in the United States of America. While these principles provide a standardized framework for financial reporting, they also involve certain estimates and assumptions that could affect the reported amounts. Therefore, a prospective franchisee should exercise caution when interpreting these figures and consider seeking professional financial advice to fully understand their implications.