What was the net value of Caring Senior Service's Property and Equipment, after depreciation, in 2022?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 | 4 8,223 | 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 | (326,193) | (320,566) | (310,922) | |
| Property and Equipment, Net of Depreciation | $ - | $ 5,627 $ | 15,271 |
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 value of its Property and Equipment, after accounting for accumulated depreciation, was $15,271 in 2022. This figure represents the depreciated value of assets like software, automobiles, and office equipment owned by the company.
For a prospective franchisee, this information provides a glimpse into the tangible assets held by Caring Senior Service and how their value is accounted for over time. While this specific figure may not directly impact the franchisee's day-to-day operations, it contributes to understanding the overall financial health and asset management practices of the franchisor.
It's important to note that this value reflects the franchisor's assets, not those of individual franchisees. Franchisees will typically need to acquire their own equipment and assets to operate their Caring Senior Service franchise, and they will be responsible for their own depreciation schedules and asset management.