What was the net value of Caring Senior Service's property and equipment, after depreciation, 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 value of its property and equipment, after accounting for accumulated depreciation, was $5,627 in 2023. This figure represents the depreciated value of assets like software, automobiles, and office equipment owned by the company.
For a prospective franchisee, this indicates the level of investment Caring Senior Service has in its own physical and intellectual property. A low net value, as seen here, could mean that the company does not rely heavily on fixed assets or that its assets have significantly depreciated.
It is important to note that these figures reflect the financial position of the franchisor, Caring Senior Service Franchise Partnership, L.P., and not the financial requirements or potential earnings of an individual franchise location. Franchisees should focus on the investment costs outlined in Item 7 and the potential revenue and expenses detailed in Item 19 of the FDD to assess the financial viability of their own Caring Senior Service franchise.