What was the reported cash amount for Crepe De Licious in 2023?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crepe Delicious Holding USA, Inc. (a C Corporation), which comprise the balance sheets as of December 31, 2023 and December 31, 2022, and the related statements of income and retained earnings, and cash flows for the years then ended, 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 Crepe Delicious Holding USA, Inc. as of December 31, 2023 and December 31, 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.
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
I am unable to provide the cash amount for Crepe De Licious in 2023. While the 2025 Franchise Disclosure Document includes financial statements audited by Brock, Schechter & Polakoff, LLP, these statements do not explicitly list a single 'cash amount' figure. Instead, the document contains balance sheets, income statements, and cash flow statements that would contain the data to derive the cash amount. A prospective franchisee would need to carefully review these financial statements, possibly with the assistance of a financial professional, to determine the specific cash position of Crepe De Licious at the end of 2023.
Specifically, the FDD includes an Independent Auditor's Report that confirms the financial statements of Crepe Delicious Holding USA, Inc. were audited for the years ending December 31, 2024, and December 31, 2023. This report indicates that the financial statements present fairly the financial position, results of operations, and cash flows of the company for those years. The document also includes discussions of accounting policies, related party transactions, and other financial details that could impact the company's cash position.
To find the specific cash amount, a franchisee should focus on the balance sheets and statements of cash flow within the financial statements. The balance sheet will show the company's assets, liabilities, and equity at a specific point in time, while the statement of cash flows will detail the movement of cash both into and out of the company over a period. Reviewing these statements in their entirety is necessary to fully understand the cash position of Crepe De Licious.