What was the total amount of franchise sales revenue for Crisp & Green in 2022?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
We have audited the accompanying financial statements of Crisp & Green Franchising LLC, which comprise the balance sheets as of December 31, 2023, 2022, and 2021 and the related statements of operations, member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Crisp & Green Franchising LLC as of December 31, 2023, 2022, and 2021, 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 66–252)
What This Means (2024 FDD)
According to the 2024 Crisp & Green Franchise Disclosure Document, the financial statements include an independent auditor's report on the balance sheets as of December 31, 2023, 2022, and 2021. These statements also incorporate the operations, member's equity, and cash flows for the years then ended, alongside related notes. The auditor's opinion suggests that the financial statements accurately represent the financial standing of Crisp & Green Franchising LLC as of December 31 for those years, adhering to accounting principles generally accepted in the United States of America. However, the specific revenue from franchise sales for 2022 is not detailed in the provided excerpts.
While the excerpts confirm that Crisp & Green Franchising LLC sells franchises and that financial statements for 2022 were audited, the actual revenue figure is absent. The financial statements were prepared on the accrual basis of accounting in conformity with accounting principles generally accepted in the United States of America (GAAP).
To obtain the franchise sales revenue for 2022, a prospective franchisee should directly request this information from Crisp & Green. Understanding this figure is crucial for assessing the financial health and growth trajectory of the franchise system.