What was the total value of Crave Cookies' cash assets in 2022?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company maintains its cash in bank deposit accounts which, at times, may exceed federally insured limits. The Company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk with respect to cash and cash equivalents. As of December 31, 2024 the Company did not have cash balances over the federally insured limit.
Cash and Cash Equivalents - For purposes of the statement of cash flows, the Company considers all short-term investments with an original maturity of three months or less to be cash equivalents.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
Based on the 2025 Crave Cookies Franchise Disclosure Document, the specific total value of cash assets for Crave Cookies in 2022 is not disclosed in the provided excerpts. While the document includes financial statements and auditor's reports, it does not explicitly state the total cash assets for that year.
The excerpts do discuss how Crave Cookies manages its cash and potential credit risks. It mentions that the company maintains cash in bank deposit accounts, which at times may exceed federally insured limits. However, it also states that the company has not experienced any losses in such accounts and believes it is not exposed to any significant credit risk with respect to cash and cash equivalents. For the statement of cash flows, Crave Cookies considers all short-term investments with an original maturity of three months or less to be cash equivalents.
To obtain the specific figure for Crave Cookies' cash assets in 2022, a prospective franchisee should directly request this information from the franchisor. Reviewing the complete, audited financial statements for 2022 would provide a clear understanding of the company's financial position and cash management practices.