What was the total value of Auntie Annes' computer software and hardware on December 31, 2023?
Auntie_Annes Franchise · 2024 FDDAnswer from 2024 FDD Document
----------------------|--------------|--------------| | For the fiscal years ended: | 2023 | 2022 | | Deferred revenue at the beginning of the period | $ 60,270 | $ 57,875 | | Revenue recognized during the period | (12,258) | (13,479) | | Deferrals due to cash received and other | 10,499 | 15,874 | | Deferred revenue and Long-term deferred revenue | $ 58,511 | $ 60,270 |
The Company expects to recognize revenue in the future related to performance obligations that are partially satisfied at the end of the period:
| December 31, | December 25, | ||
|---|---|---|---|
| 2023 | 2022 | ||
| For the fiscal years ended: | |||
| Operating lease income | $ 9 ,240 | $ 11,496 | |
| Variable lease income | 112 | 1 02 | |
| Franchise and other rental revenues | $ 9 ,352 | $ 1 1,598 |
Source: Item 23 — RECEIPTS (FDD pages 106–366)
What This Means (2024 FDD)
According to Auntie Annes' 2024 Franchise Disclosure Document, the total value of computer software and hardware was $56,588 as of December 31, 2023. This figure represents the original cost of the software and hardware before any depreciation is accounted for.
For a prospective franchisee, this indicates the level of investment Auntie Annes has made in technology assets. These assets are crucial for business operations, potentially encompassing point-of-sale systems, inventory management software, and other digital tools necessary to run the franchise efficiently. The increase from $25,468 in 2022 to $56,588 in 2023 suggests that Auntie Annes may have been investing in new or upgraded technology during that period.
It's important to note that this value does not reflect the net book value (i.e., the value after accumulated depreciation). The actual value of the software and hardware to Auntie Annes might be lower when considering depreciation. A potential franchisee might want to inquire about the specifics of the software and hardware used, their expected lifespan, and any ongoing maintenance or upgrade costs.