How much did Buildingstars spend on the purchase of property and equipment in 2024?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
ent Events**
The Company has performed a review of events subsequent to the balance sheet date through March 11, 2025, the date the consolidated financial statements were available to be issued.
NOTE 2 — PROPERTY AND EQUIPMENT
Property and equipment are stated at cost less accumulated depreciation and consists of the following:
| | 2024 | 2023 | 2022 | |-------------------------------
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, the company's total investment in property and equipment for 2024 was $41,211. This figure is calculated by subtracting accumulated depreciation from the total value of leasehold improvements, furniture and fixtures, and equipment.
Specifically, the gross value of these assets is $567,463, which includes $5,135 in leasehold improvements, $519,789 in furniture and fixtures, and $42,539 in equipment. The accumulated depreciation on these assets totaled $526,252 as of December 31, 2024.
It's important to note that these figures reflect the financial position of Buildingstars International, Inc. and its subsidiaries, and may not directly represent the investment required by an individual franchisee to start their own Buildingstars franchise. Prospective franchisees should review the initial investment costs outlined in Item 7 of the FDD to understand their potential financial obligations.