On what page of the Crave Cookies FDD can I find the Statements of Cash Flows?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 21: FINANCIAL STATEMENTS]
Draper, UT 84020 Phone: 801-750-0605 Fax: 801-326-4730
Independent Accountants' Audit Report
Crave Cookies Franchising, LLC Holladay, Utah
To the Members of Crave Cookies Franchising, LLC:
Opinion
We have audited the financial statements of Crave Cookies Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended, 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 Crave Cookies Franchising, LLC as of December 31, 2024 and the results of its operations and its cash flows for the year 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 Crave Cookies Franchising, LLC, and to meet our other 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)
According to Crave Cookies' 2025 Franchise Disclosure Document, the statements of cash flows are included as part of the audited financial statements in Item 21.
The independent auditor's reports included in Item 21 specifically mention that the audit included the balance sheets, statements of operations, members' equity/deficit, and cash flows. These reports confirm that Crave Cookies' financial statements include a statement of cash flows.
Specifically, the audit reports reference the inclusion of cash flow statements for various periods: December 31, 2024 (audited by Tanner LLC), December 31, 2023 and 2022, and December 31, 2022 and 2021 (audited by Forvis). This indicates that the Statements of Cash Flows are a standard component of Crave Cookies' financial reporting.
While the specific page numbers are not explicitly stated, the presence of these statements is confirmed by the auditors' reports within Item 21. A prospective franchisee should review Item 21 carefully to understand Crave Cookies' financial performance and cash flow situation.