What were the owner's distributions for 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's 2025 Franchise Disclosure Document, owner distributions in 2023 were ($299,129). This means that the owners of Crave Cookies Franchising, LLC, withdrew this amount from the company during that year. This figure is important for prospective franchisees to consider as it reflects the financial decisions and capital allocation strategies of the franchisor.
The document also indicates a net loss of ($444,708) for 2023, further impacting the company's overall financial standing. The combination of owner distributions and net losses resulted in a balance of ($1,184,312) as of December 31, 2023. This information provides insight into the financial health and stability of Crave Cookies.
A potential franchisee should analyze these figures in conjunction with other financial statements and disclosures within the FDD to gain a comprehensive understanding of the franchisor's financial performance. It's crucial to assess whether these distributions and losses are sustainable and how they might affect the franchisor's ability to support its franchisees. Consulting with a financial advisor is recommended to interpret these financial statements in the context of the franchise opportunity.