What was the net value of property and equipment for Big O Tires as of March 31, 2025?
Big_O_Tires Franchise · 2025 FDDAnswer from 2025 FDD Document
(A Joint Venture of Michelin North America, Inc. and Sumitomo Corporation of Americas) Notes to Consolidated Financial Statements March 31, 2025, 2024 and 2023
(USO in thousands, unless otherwise noted)
9. Property and Equipment
Property and equipment, net, consists of the following as of March 31, 2025 and 2024:
Source: Item 23 — RECEIPTS (FDD pages 102–535)
What This Means (2025 FDD)
According to Big O Tires' 2025 Franchise Disclosure Document, the consolidated financial statements include the net value of property and equipment as of March 31, 2025, and March 31, 2024. Details regarding the specific net value require further review of the financial statements, which are referenced in the provided excerpts but not fully detailed.
Prospective franchisees should carefully examine the complete financial statements within Item 23 of the FDD to understand the specific figures for property and equipment, net. This will offer insight into the company's asset base and how it has changed year-over-year. Understanding these values can help a franchisee assess the financial health and stability of Big O Tires.
It is important to consult with a financial advisor to properly interpret these financial statements and understand the implications for your investment. Specifically, inquire about the components that make up 'property and equipment' and how depreciation is accounted for, as this can impact the net value reported.