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What were the total general and administrative expenses for Crave Cookies?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

notes and independent accountants' audit report

Statement of Operations For the years ended December 31, 2024

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Revenues
Royalties $ 753,709
Franchise fees 736,428
Brand product sales 632,828
Marketing fees 290,085
Total revenues 2,413,050
Cost of revenues 1,294,402
Gross margin (loss) 1,118,648
General and administrative expenses
Payroll 553,880
Professional Fees 291,766
Computers and software 71,257
Meals and travel 62,321
Office expenses 24,431
Depreciation 10,746
Vehicles 7,683
Utilities 6,414
Lease expense 3,728
Repa

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

What This Means (2025 FDD)

According to Crave Cookies' 2025 Franchise Disclosure Document, the total general and administrative expenses for the company amounted to $1,033,562. This figure encompasses a range of operational costs, with payroll being the most significant at $553,880, followed by professional fees totaling $291,766. Other notable expenses include computers and software ($71,257), meals and travel ($62,321), and office expenses ($24,431). Depreciation accounted for $10,746, while vehicle-related expenses were $7,683. Utilities cost $6,414, lease expenses were $3,728, and repairs and maintenance amounted to $1,336.

These expenses are crucial for the operational oversight and support functions of Crave Cookies. Payroll covers the salaries and wages of the administrative staff, while professional fees likely include accounting, legal, and consulting services necessary for compliance and strategic planning. Investments in computers, software, and office expenses reflect the technological and infrastructural needs to manage the franchise system efficiently. Costs associated with meals, travel, utilities, lease, repairs, and vehicle maintenance are typical overhead expenses for a business of this nature.

For a prospective franchisee, understanding these expenses is vital as it provides insight into the financial management and resource allocation of Crave Cookies. While franchisees are not directly responsible for these specific expenses at the franchisor level, they indirectly contribute through royalties and fees. A well-managed franchisor, as indicated by controlled general and administrative expenses, can lead to better support, innovation, and brand development, ultimately benefiting the franchisees. Therefore, this information helps potential franchisees assess the financial stability and management effectiveness of Crave Cookies.

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.