What was the reported value of equipment and software for Annex Brands in 2023?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
ember 30:
| 2024 | 2023 | |
|---|---|---|
| Equipment and software Furniture and fixtures Leasehold improvements | $ 5,165,000 | $ 4,400,000 |
| 509,000 | 449,000 | |
| 120,000 |
Source: Item 21 — Financial Statements (FDD page 109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the value of equipment and software in 2023 was $4,400,000. This figure represents the company's investment in its technological and operational infrastructure. It is important to note that this value reflects the original cost of the equipment and software and does not account for depreciation.
For a prospective franchisee, understanding the value of Annex Brands' equipment and software can provide insights into the company's commitment to providing franchisees with the necessary tools for efficient operations. It also highlights the scale of investment Annex Brands makes in its infrastructure.
However, it is crucial to consider this figure in conjunction with other financial statement items, such as accumulated depreciation and amortization, to gain a comprehensive understanding of the net value of these assets. Additionally, franchisees should inquire about the types of equipment and software included in this category and their expected lifespan to assess the potential for future capital expenditures.