Does the Crave Cookies Statement of Cash Flows include information about acquisitions or divestitures?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
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)
Based on the 2025 Crave Cookies FDD excerpts, there is no explicit mention of acquisitions or divestitures within the provided financial statements or accompanying notes. The excerpts focus on the standard financial statements, audit reports, and notes related to accounting policies, receivables, inventory, related-party transactions, and potential litigation.
Specifically, the audit reports from independent accountants (Forvis and another firm) confirm they audited the statements of cash flows, but the provided notes primarily discuss the company's organization, accounting methods (like FIFO for inventories), and handling of accounts receivable. There are also details about notes receivable from related parties and prepaid expenses. These notes provide context on how Crave Cookies manages its finances and accounts for various assets and liabilities.
While the FDD excerpts detail the scope and opinion of the audits, along with management's responsibilities for financial statement preparation, they do not delve into specific transactions like acquisitions or divestitures. A prospective franchisee should directly ask Crave Cookies about any acquisition or divestiture activity to fully understand the company's financial history and strategic direction.