What was the total lease cost for Crave Cookies for the year ended December 31, 2022?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
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Nature of Leases
The Company has entered into the following lease arrangements:
Operating Leases
The Company leased a vehicle that expired in 2023 and had monthly payments of $674.
In 2023, the Company entered into a new vehicle lease that expires in 2025 and has monthly paymen
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the company leased a vehicle that expired in 2023 with monthly payments of $674. In 2023, Crave Cookies entered into a new vehicle lease that expires in 2025 with monthly payments of $576.
For a prospective franchisee, this indicates that Crave Cookies has experience with leasing vehicles and has ongoing lease obligations. The FDD states that the termination of the lease is generally prohibited unless there is a violation under the lease agreement.
However, the provided excerpts from the 2025 FDD do not explicitly state the total lease cost for Crave Cookies for the year ended December 31, 2022. To get this information, a prospective franchisee should review the complete financial statements within the FDD or ask the franchisor directly for clarification on the total lease costs for that specific year.