What was the reported net value of property and equipment for Bw Premier Collection in 2023?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Property and equipment, at cost: | ||
| Furniture and equipment | $ 27,359 | $ 29,189 |
| Buildings | 19,815 | 19,385 |
| Land | 2,335 | 2,335 |
| Leasehold improvements | 2,160 | 2,155 |
| Land improvements | 1,234 | 1,234 |
| Work in process | 56 | 70 |
| Property and equipment | 52,959 | 54,368 |
| Less accumulated depreciation | (43,795) | (44,756) |
| Property and equipment, net | 9,164 | 9,612 |
| Computer software, at cost: | ||
| Developed | 96,145 | 80,819 |
| Purchased | 8,158 | 13,367 |
| Work in process | 2,844 | 2,260 |
| Computer software | 107,147 | 96,446 |
| Less accumulated amortization | (81,835) | (74,806) |
| Computer software, net | 25,312 | 21,640 |
| Property, equipment and computer software, net | $ 34,476 | $ 31,252 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the net value of property and equipment in 2023 was $9,164,000. This figure is calculated by subtracting accumulated depreciation from the total cost of property and equipment. The total cost of Bw Premier Collection's property and equipment in 2023 was $52,959,000, with accumulated depreciation of $43,795,000.
For a prospective franchisee, understanding these figures provides insight into the tangible assets Bw Premier Collection possesses and how they are valued. The depreciation reflects the wear and tear or obsolescence of these assets over time, which is a standard accounting practice. A significant difference between the cost and net value could indicate older assets or aggressive depreciation policies.
It's also important to note that the net value of property, equipment, and computer software combined was $34,476,000 in 2023. This broader category includes the net value of computer software ($25,312,000), indicating the importance of technology assets to Bw Premier Collection's operations. Reviewing these figures year-over-year, as presented in the table, can reveal trends in Bw Premier Collection's investment in its physical and technological infrastructure.