What was the total amount of long-term contract liabilities for Crave Cookies in 2022?

According to Crave Cookies' 2025 Franchise Disclosure Document, the total long-term contract liabilities for the company in 2022 was $647,694. In 2021, the total long-term liabilities were $68,180.

This figure represents the obligations Crave Cookies has to fulfill future contractual commitments extending beyond one year. For a prospective franchisee, understanding the nature of these long-term contract liabilities is crucial. It provides insight into the financial obligations Crave Cookies has undertaken, which could impact the franchisor's financial stability and its ability to support its franchisees.

Franchisees should inquire about the specifics of these contract liabilities. Understanding what these liabilities are related to (e.g., long-term leases, service agreements, etc.) can offer a clearer picture of the franchisor's financial commitments and potential risks. It is also important to compare these liabilities with the company's assets and overall financial health to assess the franchisor's ability to meet its obligations.

Reviewing the franchisor's financial statements with a financial advisor is advisable to fully understand the implications of these liabilities. This will help potential franchisees make an informed decision about investing in a Crave Cookies franchise.