What was the amount spent on the purchase of equipment and vehicles by Apricot Lane in 2023?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
| $ | 24,563 | $ | 90,000 | $ 361,555 | $ | 476,118 |
| 2024 | 2023 | |||
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net income (loss) | $ | 214,496 | $ | 4,020 |
| Adjustments to reconcile net income to net | ||||
| cash provided by operating activities: | ||||
| Depreciation and amortization | 51,794 | 33,509 | ||
| Gain on disposal of fixed assets | - | 510 | ||
| Realized (gain) loss on investment securities | (1,456) | (9,943) | ||
| (Increase) decrease in: | ||||
| Royalty and advertising fees receivable | 8,691 | 393,580 | ||
| Reimbursable franchise costs and other receivable | 5,941 | (4,612) | ||
| Prepaid expenses | 2,145 | 8,261 | ||
| Security deposit | 103 | - | ||
| Right-of-use lease asset | 8,724 | 20,070 | ||
| Increase (decrease) in: | ||||
| Accounts payable and accrued liabilities | (80,643) | (11,380) | ||
| Income tax payable | - | (14,297) | ||
| Lease liability | (8,724) | (20,070) | ||
| Deferred franchise fee | (311,000) | (543,000) | ||
| Net cash provided (used by) provided by operating activities | (109,929) | (143,352) | ||
| Cash flows from investing activities | ||||
| Purchase of equipment and vehicles | (6,821) | (14,826) | ||
| Purchase of marketable securities | (100,000) | - | ||
| Sale of marketable securities | 150,000 | 300,000 | ||
| Net cash provided provided by (used by) investing activities | 43,179 | 285,174 | ||
| Cash flows from financing activities: | ||||
| Principal payment on shareholder loans | (34,799) | (8,132) | ||
| Stockholder distributions | - | (174,000) | ||
| Net cash provided (used by) provided by financing activities | (34,799) | (182,132) | ||
| Net change in cash | (101,549) | (40,310) | ||
| Cash, beginning of period | 186,678 | 226,988 | ||
| Cash, ending of period | 85,129 | $ | 186,678 | |
| Supporting disclosures: | ||||
| Purchase of equipment and vehicles through long-term debt | $ | _ 20.55 | Ф $ | 202,390 |
| Inter |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the company's purchase of equipment and vehicles in 2023 was $(14,826). This figure represents the net cash outflow for Apricot Lane related to acquiring equipment and vehicles during that year.
For a prospective franchisee, this information provides insight into Apricot Lane's capital expenditure trends. While this is not the franchisee's direct expenditure, it reflects the franchisor's investment in its own infrastructure and resources. It's important to note that this figure is part of the overall cash flow statement and should be considered in conjunction with other financial activities to understand the company's financial health.
It is also important to note that the purchase of equipment and vehicles through long-term debt was $202,390 in 2023. This indicates that Apricot Lane may have financed a significant portion of these purchases, which could impact its debt obligations and overall financial stability. A potential franchisee should consider these factors when evaluating the financial viability of the franchise opportunity.