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What were the repayments on related-party note for Crave Cookies in 2022?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

or net realizable value. Costs of cookie boxes are determined using the first-in, first-out (FIFO) method.

Notes Receivable - Related Party

Notes receivable represent amounts due from a related party for operating expenses and other fees that the Company paid on behalf of the related party.

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)

What This Means (2025 FDD)

Based on the 2025 Franchise Disclosure Document, the information about repayments on related-party notes specifically for 2022 is not available in the provided excerpts. However, the FDD does mention related-party transactions in the context of receivables and payables. Specifically, it notes that related party notes receivable represents amounts due from a related party for operating expenses and other fees that Crave Cookies paid on behalf of the related party. These notes are non-interest bearing and due on demand, with the related party being 100% owned by the owners of Crave Cookies.

While the excerpts detail the nature of these related-party transactions, they do not provide specific figures for repayments made during 2022. Instead, the excerpts focus on the accounting policies related to receivables, inventories, and prepaid expenses. There is also mention of total related party receivables and payables, but without a breakdown of specific repayment activity.

A prospective Crave Cookies franchisee should directly ask the franchisor for detailed information on the related-party note repayments during 2022 to gain a clearer understanding of the financial transactions between Crave Cookies Franchising, LLC and its related parties. Understanding the amounts, timing, and nature of these transactions is crucial for assessing the financial health and stability of the franchise system.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.