Who owns the related party to whom Crave Cookies owes notes payable?

According to Crave Cookies' 2025 Franchise Disclosure Document, the related party to whom Crave Cookies owes notes payable is owned 100% by the owners of Crave Cookies. These notes payable represent amounts due to this related party for operating expenses and other fees that were paid on behalf of Crave Cookies. The terms of these notes are non-interest bearing and are due on demand.

For a prospective franchisee, this related-party transaction is important to understand. It signifies that the owners of Crave Cookies have a financial relationship with the company through another entity. The fact that the notes are non-interest bearing and due on demand suggests flexible financial arrangements between Crave Cookies and its owners.

However, it is essential for potential franchisees to investigate the nature of these operating expenses and fees. Understanding the purpose of these payments can provide insight into the financial management and operational practices of Crave Cookies. A prospective franchisee might want to inquire about the specific services or goods provided by the related party and how these arrangements benefit the franchise system. It would also be prudent to assess whether these related-party transactions are conducted at arm's length and are fair to the company and its franchisees.