For what years are the audited financial statements included in the Crave Cookies FDD?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
Members and Management Crave Cookies Franchising, LLC Riverton, Utah
Opinion
We have audited the financial statements of Crave Cookies Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2023 and 2022, and the related statements of operations, members' deficit, and cash flows for the years ended December 31, 2023 and 2022, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the "Auditor's Responsibilities for the Audit of the Financial Statements" section of our report.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the audited financial statements include information for the years 2021, 2022, 2023, and 2024. Specifically, there are balance sheets as of December 31, 2022 and 2021, with related statements of operations, members' deficit, and cash flows for the year ended December 31, 2022, and the period from February 15, 2021 (inception) to December 31, 2021.
Additionally, the financial statements include balance sheets as of December 31, 2023 and 2022, and related statements of operations, members' deficit, and cash flows for the years ended December 31, 2023 and 2022.
Finally, the financial statements also comprise the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended. This comprehensive financial reporting provides prospective Crave Cookies franchisees with a multi-year view of the company's financial performance and position.