What was the total value of furniture, equipment, and vehicles for Apricot Lane in 2023 before accounting for accumulated depreciation?
Apricot_Lane Franchise · 2025 FDDAnswer from 2025 FDD Document
EQUIPMENT, AND VEHICLES
Furniture and equipment consists of the following at December 31:
| _ | 2023 | 2022 |
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Source: Item 23 — RECEIPTS (FDD pages 51–222)
What This Means (2025 FDD)
According to Apricot Lane's 2025 Franchise Disclosure Document, the total value of furniture, equipment, and vehicles in 2023, before accounting for accumulated depreciation, was $267,469. This figure represents the original cost of these assets when they were acquired by Apricot Lane.
For a prospective franchisee, this information provides insight into the capital investments Apricot Lane has made in its own operations. While this figure reflects Apricot Lane's corporate assets, it can serve as a benchmark for the type and scale of investment a franchisee might expect to make in furniture, fixtures, and equipment to set up their own Apricot Lane boutique. Keep in mind that the franchisee's costs may vary depending on the size and location of their store.
It's important to note that this value does not reflect the current market value of these assets, nor does it account for any depreciation. Accumulated depreciation, which represents the reduction in value of these assets over time, is listed separately. Reviewing both the original asset value and the accumulated depreciation can give a more complete picture of the company's financial position and asset management practices.