What was the net value of furniture, equipment, and vehicles for Apricot Lane in 2024?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
LLP Grass Valley, CA February 10, 2025
Sointo Group
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| ASSETS | |||||
|---|---|---|---|---|---|
| 2024 | 2023 | ||||
| Current Assets: | 4. | 107 (10 | |||
| Cash and cash equivalents | S | 85,129 | $ | 186,678 | |
| Marketable securities | 113,379 | 161,923 | |||
| Franchise fees receivable | 222,000 | 207,000 | |||
| Franchise royalties and advertising receivable | |||||
| less allowance for doubtful accounts | 72,069 | 95,760 | |||
| Reimbursable franchise costs and other receivab | les | ||||
| less allowance for doubtful accounts | 18,076 | 24,017 | |||
| Prepaid expenses | 20,201 | 22,346 | |||
| Current portion of notes receivable | _ | - | |||
| Total Current Assets | 530,854 | 697,724 | |||
| Furniture, equipment, a |
Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the net value of furniture, equipment, and vehicles in 2024 was $156,003. This figure represents the original cost of these assets less any accumulated depreciation. In 2023, the net value was $200,976.
Furniture, equipment, and vehicles are essential for operating an Apricot Lane boutique. These assets include items such as display fixtures, shelving, point-of-sale systems, and potentially vehicles used for business purposes. The depreciation of these assets is calculated using the straight-line method over an estimated service life of five to ten years.
The financial statements rely on estimates and assumptions made by management, which could affect the reported amounts of assets. Prospective franchisees should be aware that actual results may differ from these estimates. Reviewing these figures helps potential franchisees understand the capital investment required and how these assets are accounted for in Apricot Lane's financial reporting.