What was the total amount of accumulated depreciation and amortization for Carvel's property, equipment, and leasehold improvements as of December 29, 2024?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
ase term (years) | 10.0 | 9.7 | | | 2025 | $ 3,348 | |--------------------------------|--------------| | 2026 | 2,875 | | 2027 | 2,730 | | 2028 | 2,563 | | 2029 | 2,335 | | Thereafter | 18,589 | | Deferred revenue for open SBRs | $ 32,440 |
Deferred revenue of $29,819 relates to the unsatisfied future performance obligations associated with unopened SBRs and is not included within the table above. The Company anticipates recognizing revenue over the terms of the respective franchise agreements, which are typically 10-20 years, once the related SBRs are opened.
3 Property, Equipment, Leasehold Improvements and Land
Property, equipment, leasehold improvements and land, net consists of the following:
| | December 29, | | December 31, | |-------------------------------------
Source: Item 23 — Receipts (FDD pages 100–353)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, as of December 29, 2024, the total accumulated depreciation and amortization for property, equipment, and leasehold improvements was $106,754. This figure reflects the cumulative amount of depreciation and amortization expenses recognized against the value of these assets over their useful lives.
For a prospective Carvel franchisee, this number is an indicator of the wear and tear and the accounting write-off of Carvel's assets. It's important to note that this figure represents the accumulated depreciation and amortization for Carvel's corporate assets, not those of individual franchise locations. Franchisees will need to manage and account for the depreciation of their own assets separately.
Understanding accumulated depreciation can help a franchisee appreciate the capital investment required to maintain and update equipment and property. While this specific figure doesn't directly impact a franchisee's operations, it provides context about how Carvel manages its assets at the corporate level. Reviewing these figures over time can reveal trends in capital expenditure and asset management strategies.