How does the Crave Cookies table relate to the financial performance representations in Item 19?

According to Crave Cookies's 2025 Franchise Disclosure Document, Item 20 includes several tables providing data on the franchise system's outlet history and projections. These tables, such as "Table 1 Systemwide Outlet Summary For Years 2021 to 2024", "Table 3 Status of Franchised Outlets For Years 2021 to 2024", and "Table 4 Status of Company-Owned Outlets For Years 2021 to 2024", offer historical data on outlet openings, closures, transfers, and ownership changes.

While these tables detail the number and status of Crave Cookies outlets, the provided excerpts do not explain how this data directly relates to the financial performance representations made in Item 19. Item 19 typically contains information about the financial performance of existing franchise locations, such as average revenues, costs, and profits. The tables in Item 20 provide context for the overall growth and stability of the Crave Cookies system, which can indirectly influence a franchisee's potential financial success.

To understand the direct relationship between the outlet data in Item 20 and the financial performance representations in Item 19, a prospective franchisee should look for specific connections. For example, do the Item 19 representations include data broken down by outlet age, location, or ownership type (franchised vs. company-owned)? Does Item 19 disclose the number of outlets used to calculate the financial performance data? Understanding these connections is crucial for assessing the reliability and relevance of the financial performance information provided by Crave Cookies.

Therefore, while Item 20 provides valuable data on the Crave Cookies franchise system's growth and stability, the FDD excerpts do not explicitly state how this data relates to the financial performance representations in Item 19. A potential franchisee should seek clarification from Crave Cookies on how the data in Item 20 supports or relates to the financial claims made in Item 19 to make an informed investment decision.