What was the reported value of Chesters' operating lease right-of-use assets, net?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT ASSETS | |||
|---|---|---|---|
| Cash | $ 2,154,968 | $ 2,515,674 | |
| Accounts receivable, net | 1,656,584 | 5,299,346 | |
| Other receivables | 421,459 | - | |
| Due from related parties | 1,354,649 | 1,117,539 | |
| Inventories | - | 1,247,308 | |
| Prepaid expenses and other current assets | 139,284 | 80,338 | |
| Total current assets | 5,726,944 | 10,260,205 | |
| 1,100,082 | 878,650 | ||
| PROPERTY AND EQUIPMENT, NET | |||
| OPERATING LEASE RIGHT-OF-USE ASSETS, NET | 1,631,103 | 1,820,812 |
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 operating lease right-of-use assets, net, is detailed in Item 23, which covers receipts. The provided table shows two values for this asset, representing different periods.
The first value listed for Chesters' operating lease right-of-use assets, net, is $1,631,103. The second, more recent, value listed is $1,820,812.
Prospective franchisees should understand that 'operating lease right-of-use assets, net' typically refers to the value of assets a company leases for its operations, such as property or equipment, minus any related depreciation or amortization. These figures can be important for assessing the financial health and asset management of Chesters.