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What was the total amount of selling, general, and administrative expenses for Crave Cookies in 2022?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

f Operations

Year Ended December 31, 2022 and Period from February 15, 2021 (Inception) through December 31, 2021

2022 2021
Revenues 59 500000 10
Initial franchise fees $ 412,792 $ 10,481
Product sales 136,327 *************************************
Royalties 110,296 -
Marketing fees 33,128
Total revenues 692,543 10,481
Cost of Goods Sold 226,382
Gross Profit 466,161 10,481
Operating Expenses
Selling, general and administrative 545,997 24,806
Deprecatio

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

What This Means (2025 FDD)

According to Crave Cookies's 2025 Franchise Disclosure Document, the company's selling, general, and administrative expenses for the year 2022 totaled $545,997. This figure is part of the broader financial statement that includes revenues, cost of goods sold, gross profit, and other operating expenses. Understanding this expense is crucial for potential franchisees as it reflects the costs associated with running the Crave Cookies franchise system.

Selling, general, and administrative expenses typically include costs such as salaries, rent, utilities, marketing, and other overhead costs necessary to support the franchise operations. For a prospective franchisee, a high figure in this category could indicate that the franchisor has significant overhead, which may impact the financial stability or profitability of the franchise system. Conversely, a lower figure might suggest efficient management or limited support services.

It's important for potential franchisees to analyze these expenses in conjunction with the revenue and profitability figures to assess the overall financial health of Crave Cookies. Comparing these expenses over multiple years, as presented in the FDD, can also reveal trends and potential areas of concern or improvement. Additionally, prospective franchisees should inquire about the specific components of these expenses to understand where the franchisor is investing its resources and how it benefits the franchisees.

Ultimately, understanding the selling, general, and administrative expenses provides valuable insight into the operational efficiency and financial management of Crave Cookies, which is a key factor for franchisees to consider when evaluating the franchise opportunity.

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.