What was the reported value of Chesters' furniture and equipment in 2024?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | ||
|---|---|---|---|
| Furniture and equipment | $ 536,084 | $ 533,910 | |
| Leasehold improvements | 1,057,728 | 214,927 | |
| Vehicles | 40,000 | 53,165 | |
| Construction-in-progress | - | 478,828 | |
| 1,633,812 | 1,280,830 | ||
| Less accumulated depreciation | (533,730) | (402,180) |
Source: Item 23 — **RECEIPTS (FDD pages 48–197)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the reported value of furniture and equipment in 2024 was $536,084. The FDD also provides figures for leasehold improvements and vehicles, as well as accumulated depreciation. These figures offer a snapshot of the company's financial status regarding its tangible assets.
For a prospective franchisee, this information can be useful in understanding the scale of investment Chesters has made in its existing infrastructure. It also provides a basis for comparison against the initial investment required to set up a new franchise location. Understanding the depreciation schedule can also offer insights into the replacement cycles and potential future capital expenditures.
It's important to note that these figures represent the financial status of Chesters as a whole and may not directly reflect the costs associated with a single franchise location. A franchisee should consider these figures in conjunction with other financial disclosures in the FDD to develop a comprehensive understanding of the financial requirements and potential returns of a Chesters franchise.