What was the net value of Brightstar Care's property and equipment as of December 29, 2024?

According to Brightstar Care's 2025 Franchise Disclosure Document, the net value of its property and equipment as of December 29, 2024, was $9,212,844. This figure is calculated by taking the original cost of the property and equipment, including items like office equipment ($1,712,982), technology costs including internally developed software ($25,478,700), website development costs ($1,769,415), and leasehold improvements ($174,467), and then subtracting accumulated depreciation and amortization ($19,922,720).

For a prospective Brightstar Care franchisee, understanding the net value of property and equipment provides insight into the company's asset base and how it manages depreciation. This can be a useful benchmark when comparing Brightstar Care to other franchise opportunities. It's important to note that these figures reflect Brightstar Care's corporate assets and not the investment required for an individual franchise location.

The FDD also details how Brightstar Care accounts for property and equipment. It is recorded at historical cost, less accumulated depreciation, with depreciation computed using the straight-line method over the estimated useful lives of the equipment (three to seven years) or the life of the lease. The company also evaluates its property and equipment for impairment, though no impairment was identified as of December 29, 2024, or December 31, 2023.

Furthermore, Brightstar Care capitalizes certain costs of software developed or obtained for use of its franchises, amortizing these costs on a straight-line basis over 60 months. As of December 29, 2024, the company had capitalized $2,575,001 in internally developed software. This indicates Brightstar Care's investment in technology and its approach to managing these assets, which could be relevant to a franchisee interested in the technological resources available to them.