What was the net loss for Crave Cookies for the year ended December 31, 2022?
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 net loss for the company for the year ended December 31, 2022, was $84,420. This figure is part of a table detailing changes in the company's equity. The table also shows the beginning balance of equity on January 1, 2022, owner distributions during the year, and the resulting balance at the end of the year.
For a prospective Crave Cookies franchisee, this net loss figure provides insight into the company's financial performance during that specific period. It is important to consider this loss in the context of the company's overall financial history and the specific circumstances of that year. Factors such as initial startup costs, investments in growth, and general economic conditions could have contributed to the loss.
It's also worth noting that the table includes additional financial data, such as owner distributions and the equity balance at the beginning and end of the year. Reviewing these figures alongside the net loss can provide a more comprehensive understanding of the company's financial position and how it has changed over time. A potential franchisee should analyze these trends to assess the financial stability and growth potential of Crave Cookies.
It is important to note that past financial performance is not necessarily indicative of future results. A prospective franchisee should conduct thorough due diligence, including reviewing the complete financial statements and seeking professional financial advice, to make an informed investment decision.