What was the reported value of Bens Soft Pretzels' office building in 2023?
Bens_Soft_Pretzels Franchise · 2025 FDDAnswer from 2025 FDD Document
PERTY AND EQUIPMENT**
The cost of property and equipment and the related accumulated depreciation at December 31, 2024, 2023, and 2022 are as follows:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Office building | $ 236,125 | $ 236,125 | $ - |
| Land | 76,300 | 76,300 | - |
| Office furniture and fixtures | 26,323 | 25,641 | 20,021 |
| Kitchen equipment | 8,632 | 8,632 | 8,632 |
| Leasehold improvements | 11,048 | 11,048 | - |
| Company vehicles | 265,050 623,4 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 FDD, Bens Soft Pretzels reported the value of their office building as $236,125 in 2023. The FDD also lists the value of the office building in 2024 as $236,125.
In addition to the office building, the FDD lists other assets held by Bens Soft Pretzels. These include land valued at $76,300 in both 2024 and 2023, office furniture and fixtures valued at $25,641 in 2023, kitchen equipment valued at $8,632 in 2023, and company vehicles valued at $233,586 in 2023.
The FDD also includes accumulated depreciation, which was ($166,107) in 2023. The total assets, after accumulated depreciation, were $425,225 in 2023.