What was the estimated value of furniture and fixtures for a Beard Papas franchise in 2024?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchisees | ||||
|---|---|---|---|---|
| (Outlets Not Yet Open as of December 31, 2024) State | ||||
| California | San Diego, CA (Outlet Not Yet Open) | Andrew Mekhail | (562) 676-6469 | |
| Nevada | Las Vegas, NV (Outlet Not Yet Open) | Kenneth Wong | (510) 928-1928 | |
| North | Raleigh, SC | Chuang Zhang | zhangchuan0924@gmail.com | |
| Carolina | (Outlet Not Yet Open) | |||
| Utah | Provo, UT (Outlet Not Yet Open) | Travis Brady, La |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
Based on the 2025 Beard Papas Franchise Disclosure Document, there is no specific mention of the estimated value of furniture and fixtures for a new franchise in 2024. However, the document does mention amortization expenses. Amortization is the process of spreading out the cost of an asset over its useful life. In this case, the amortization expense for the years ended December 31, 2024, was approximately $1,000, and for 2023, it was approximately $4,000. This suggests that Beard Papas depreciates the cost of furniture and fixtures over time.
Item 3.C discusses restaurant opening, and states that the franchisee must purchase and install all required furniture, fixtures, and equipment in compliance with the plans and specifications approved in writing by the franchisor and all applicable ordinances, building codes, permit requirements, and lease or deed requirements and restrictions. The franchisee must also establish filing, accounting, and inventory control systems, conforming to the requirements prescribed by the franchisor, if any.
To get a clearer picture of the potential investment, a prospective Beard Papas franchisee should ask the franchisor for a detailed breakdown of the estimated costs for furniture, fixtures, and equipment. This information would be crucial for financial planning and determining the overall feasibility of the franchise investment. It would also be helpful to understand the specific types and quantities of furniture, fixtures, and equipment required, as well as approved suppliers, to ensure accurate cost estimations.