What was the total lease cost for Crave Cookies in 2022?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
ive Disclosures
The lease cost and other required information for the years ended December 31, 2023 and 2022, are:
| - | 2023 | - | 2022 | |
|---|---|---|---|---|
| Lease cost | ||||
| Operating lease cost | $ | 9,987 | $ | 8,042 |
| Total lease cost | $ | 9,987 | $ | 8,042 |
| Other information |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the total lease cost for the company in 2022 was $8,042. This figure represents the total expenses Crave Cookies incurred for operating leases during that year.
For a prospective franchisee, understanding the franchisor's lease costs can provide insight into the overall financial health and stability of the company. While this figure reflects Crave Cookies Franchising, LLC's expenses, franchisees will also incur their own lease costs for their individual locations. These costs will vary depending on location, size, and lease terms.
It's important for potential franchisees to carefully consider their own projected lease expenses and factor them into their overall business plan. Comparing the franchisor's lease costs with industry benchmarks and local market rates can help franchisees assess the reasonableness of their own lease agreements. Additionally, understanding how the franchisor manages its lease obligations can offer valuable insights into financial management practices.