What was the net of depreciation for Caring Senior Service's property and equipment in 2023?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
and Equipment**
At December 31, 2024, 2023, and 2022 Property and Equipment consisted of the following:
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Software | $ 260,544 | $ 260,544 $ | 260,544 |
| Automobile | 48,223 | 48,223 | 48,223 |
| Office and Computer Equipment | 17,426 | 17,426 | 17,426 |
| Total Property and Equipment | 326,193 | 326,193 | 326,193 |
| Less Accumulated Depreciation | (326,1 |
Source: Item 23 — RECEIPTS (FDD pages 53–204)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, the net of depreciation for property and equipment in 2023 was $5,627. This figure represents the value of Caring Senior Service's property and equipment after accounting for accumulated depreciation. The total property and equipment was valued at $326,193, and the accumulated depreciation was $320,566.
For a prospective franchisee, understanding the net of depreciation can be helpful in assessing the company's asset value and financial health. It provides insight into how Caring Senior Service manages its assets and accounts for depreciation over time. This information, combined with other financial statement data, can help potential franchisees make informed decisions about the financial stability and investment potential of the franchise.
It's important to note that these figures reflect the financial performance of the franchisor, Caring Senior Service Franchise Partnership, L.P., and not the performance of individual franchise units. Franchisees should focus on understanding their own potential costs, revenues, and profitability based on their specific location and market conditions.