What was the net value of furniture, equipment, and vehicles for Apricot Lane in 2023?

According to Apricot Lane's 2025 Franchise Disclosure Document, the net value of furniture, equipment, and vehicles in 2023 was $200,976. This figure is calculated by subtracting accumulated depreciation from the original cost of these assets. The original cost of furniture, equipment, and vehicles in 2023 was $267,469, and the accumulated depreciation was $66,493.

For a prospective Apricot Lane franchisee, this indicates the net book value of the company's physical assets after accounting for depreciation. It reflects the remaining value of these assets as they are used over time. Depreciation is recorded using the straight-line method over an estimated service life of five to ten years.

Understanding the depreciation methods and asset values can be important for financial planning and assessing the overall financial health of Apricot Lane. It's also important to note that these figures are based on estimates and assumptions made by the management, and actual results could differ. Reviewing these figures in the context of the full financial statements is advisable for any potential franchisee.