What were the total operating expenses for Crave Cookies in 2021?
Crave_Cookies Franchise · 2025 FDDAnswer 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' 2025 Franchise Disclosure Document, the total operating expenses for the company in 2021 were $25,206. This figure is broken down into selling, general, and administrative expenses of $24,806 and depreciation expenses of $400.
For a prospective franchisee, understanding the franchisor's operating expenses can provide insight into the financial management and efficiency of the company. It's important to note that these expenses reflect the franchisor's costs of running the franchise system itself, not the costs of operating an individual Crave Cookies franchise location.
Reviewing these figures in comparison to revenues can help assess the profitability and financial health of Crave Cookies. A franchisee should also compare these expenses with those of other similar franchise systems to benchmark the company's operational efficiency. Additionally, it's important to consider how these expenses might impact the services and support that Crave Cookies provides to its franchisees.