What was the loss on disposal of fixed assets for Chesters in 2023?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
,834 |
CHESTER'S INTERNATIONAL, LLC STATEMENTS OF CASH FLOWS FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022
| 2023 | 2022 | |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $ 2,582,783 | $ 2,693,133 |
| Adjustments to reconcile net income to net cash | ||
| p |
Source: Item 21 — **FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the loss on disposal of fixed assets in 2023 was $0. This means that Chesters did not record any losses from disposing of fixed assets during that year. In 2022, the loss on disposal of fixed assets was $12,167.
For a prospective franchisee, this information provides insight into how Chesters manages its assets and whether it frequently disposes of them at a loss. A consistent pattern of losses on disposal could indicate issues with asset management or depreciation practices. However, in 2023, Chesters had no loss, which could be a positive sign.
It's important to note that this figure reflects the performance of Chesters International, LLC itself, and not necessarily the performance of individual franchise locations. Franchisees should focus on understanding how their own asset management and disposal practices will impact their individual business's financial performance. Reviewing these figures in conjunction with other financial statement data can provide a more comprehensive understanding of Chesters's financial health.