What was the value of Crave Cookies' accounts receivable at the beginning of 2023?

According to Crave Cookies' 2025 Franchise Disclosure Document, the accounts receivable at the beginning of 2023 was $17,607. This figure represents the amount of money owed to Crave Cookies by its customers or franchisees at the start of that year. Accounts receivable are an important indicator of a company's financial health and its ability to collect revenue.

For a prospective franchisee, understanding the accounts receivable trends can provide insights into the financial stability of Crave Cookies. It's also important to note that the company's accounting policies state that accounts receivable are stated at the amount of consideration from customers of which the Company has an unconditional right to receive. The company also provides an allowance for credit losses, which is based upon a review of outstanding receivables, historical collection information and existing economic conditions.

Reviewing the historical data and understanding how Crave Cookies manages its accounts receivable can help a franchisee assess the potential risks and rewards associated with investing in the franchise. It is also worth noting that the accounts receivable at the end of 2023 was $99,999, which is a significant increase from the beginning of the year.