What was the net value of property and equipment for Big Apple Bagels in 2024?
Big_Apple_Bagels Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Property and Equipment | ||
| Furniture and fixtures | 18,041 | 18,041 |
| Equipment | 113,377 | 113,377 |
| 131,418 | 131,418 | |
| Less accumulated depreciation and amortization | (131,418) | (131,418) |
| Property and Equipment, Net | - | - |
Source: Item 22 — CONTRACTS (FDD pages 86–87)
What This Means (2025 FDD)
According to Big Apple Bagels' 2025 Franchise Disclosure Document, the net value of property and equipment in 2024 was zero. The document provides a balance sheet that lists various assets, including property and equipment.
The balance sheet shows that Big Apple Bagels had $18,041 in furniture and fixtures and $113,377 in equipment, totaling $131,418 in property and equipment before depreciation. However, the accumulated depreciation and amortization also amounted to $131,418, resulting in a net property and equipment value of zero for 2024.
This indicates that the company had fully depreciated its property and equipment by the end of 2024. Prospective franchisees should inquire about the company's policies on equipment replacement and potential future capital expenditures for new equipment.