What was the purchase of property and equipment for Crave Cookies in 2023?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |||
|---|---|---|---|---|
| Operating Activities | ||||
| Net loss | $ | (444,708) | S | (84,420) |
| Items not requiring (providing) cash | 31 LMLN | |||
| Depreciation | 7,844 | 4,584 | ||
| Non-cash operating lease expense | 9,987 | 8,042 | ||
| Provision for credit losses on accounts receivable | 5,000 | |||
| Changes in | ||||
| Accounts receivable | (87,392) | (17,607) | ||
| Inventory | (6,721) | 14,319 | ||
| Prepaid expenses | 31,830 | (33,205) | ||
| Contract assets | . 30 | 44,595 | ||
| Accounts payable and accrued expenses | 118,529 | 32,788 | ||
| Lease liability | (10,310) | (7,719) | ||
| Contract liabilities | - | 624,470 | _ | 324,252 |
| Net cash provided by operating activities | - | 248,529 | _ | 285,629 |
| Investing Activities | ||||
| Purchase of property and equipment | (1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the purchase of property and equipment in 2023 was $16,931. This figure reflects the company's investments in tangible assets like equipment and property to support its operations during that year.
For a prospective franchisee, this indicates the level of capital expenditure Crave Cookies found necessary at the corporate level. While a franchisee's initial investment will differ, this provides a benchmark for understanding the types of investments that might be needed to operate a Crave Cookies franchise.
It's important to note that this figure represents the franchisor's expenses and may not directly correlate with the investment needed to open a franchise location. Franchisees should carefully review Item 7 of the FDD, which details the estimated initial investment for a franchise, and consult with existing franchisees to understand potential ongoing capital expenditure requirements.