What was the reported value of Furniture and Fixtures for Buildingstars in 2023?
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's 2025 Franchise Disclosure Document, the reported value of Furniture and Fixtures in 2023 was $497,002. This figure reflects the company's investment in these assets at that point in time.
For a prospective franchisee, this number provides insight into the scale of Buildingstars's operations and the level of investment it has made in essential assets. It's important to note that this value represents the company's overall holdings and not the investment required by an individual franchisee.
Understanding the company's asset values can help potential franchisees assess the financial health and stability of Buildingstars. Reviewing these figures over several years, as presented in the table, can reveal trends in the company's investment strategies and asset management practices.