What was the amount of vehicles listed on the consolidated balance sheet for 1-800-GOT-JUNK? as of December 31, 2024?
1_800_Got_Junk Franchise · 2025 FDDAnswer from 2025 FDD Document
Total $ 106,029 $ 690,491 1-800-GOT-JUNK? LLC Notes to Consolidated Financial Statements (Amounts expressed in United States dollars, unless otherwise indicated)
Years ended December 31, 2024 and 2023
- Vehicles:
Accumulated Net book Net book
Cost amortization value value
Vehicles $ 174,156 $ 62,696 $ 111,460 $ 147,150
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to the 2025 FDD, the net book value of vehicles listed on 1-800-GOT-JUNK?'s consolidated balance sheet as of December 31, 2024, was $111,460. The original cost of the vehicles was $174,156, with accumulated amortization of $62,696.
For a prospective franchisee, this indicates the depreciated value of vehicles owned directly by the 1-800-GOT-JUNK? franchisor business itself. It does not reflect the value of vehicles owned by individual franchisees. Franchisees will typically need to acquire their own vehicles to operate their 1-800-GOT-JUNK? businesses.
The figures provide a snapshot of the company's investment in its own vehicle fleet and how that value has changed over time due to depreciation. Reviewing these figures in conjunction with other balance sheet items can provide a more complete picture of the company's overall financial health.