table_specific

What was the total value of Crave Cookies' inventory in 2022?

Crave_Cookies Franchise · 2025 FDD

Answer from 2025 FDD Document

Inventories consist of cookie boxes. Inventories are stated at the lower of cost or net realizable value. Costs of cookie boxes are determined using the first-in, first-out (FIFO) method.

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

What This Means (2025 FDD)

Based on the 2025 Crave Cookies Franchise Disclosure Document, the financial statements include information about how Crave Cookies values its inventory, which consists of cookie boxes. The FDD states that inventories are recorded at the lower of cost or net realizable value, and the cost of cookie boxes is determined using the first-in, first-out (FIFO) method. However, the exact total value of Crave Cookies' inventory in 2022 is not specified in the provided excerpts.

While the excerpts detail the accounting methods used for inventory valuation, they do not provide the specific financial figures for inventory on hand at the end of 2022. This information would typically be found in the balance sheets within the financial statements, which are referenced in the auditor's report but not fully included in the provided excerpts.

A prospective Crave Cookies franchisee would need to review the complete financial statements within Item 21 of the FDD to determine the precise value of the company's inventory in 2022. It would be prudent to ask Crave Cookies for a full copy of the audited financial statements to assess the company's financial health and inventory management practices.

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.