What was the total value of Beard Papas' machinery and equipment as of December 31, 2024?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
of the financial position or the results of operations if the Company had operated without such affiliations.
5. Property and Equipment
Property and equipment as of December 31, 2024 are as follows:
| Estimate Life | 2024 | |
|---|---|---|
| Machinery and equipment | 5-10 years | $ 59,373 |
| Furniture and fixtures | 5-7 years | 16,656 |
| L |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the value of machinery and equipment was $59,373 as of December 31, 2024. The machinery and equipment have an estimated life of 5-10 years. Other property and equipment include furniture and fixtures valued at $16,656 with an estimated life of 5-7 years, and leasehold improvements valued at $463,277 with an estimated life of 3-10 years.
The total property and equipment is valued at $539,306, with accumulated depreciation and amortization of $128,608. The net property and equipment is $410,698.
Prospective franchisees should consider these figures when planning their initial investment and ongoing capital expenditures. Understanding the lifespan and depreciation of these assets is crucial for financial forecasting and maintaining operational efficiency. It's also important to note that these values reflect the company's assets and may not directly translate to the costs a new franchisee will incur, as market conditions and specific equipment choices can vary.