What was the reported value of Chesters' vehicles in 2023?
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' 2025 Franchise Disclosure Document, the reported value of vehicles in 2023 was $53,165. This figure reflects the value of vehicles owned by Chesters as part of their overall assets.
For a prospective franchisee, this indicates the level of investment Chesters has in its own vehicles, which could be used for various business operations. It is important to note that this value is before accounting for accumulated depreciation, which is a separate figure that reduces the net value of these assets over time.
Understanding the value of Chesters' assets, including vehicles, can provide insight into the company's financial health and investment in its operations. Franchisees may want to inquire about the types of vehicles included in this valuation and their usage to better understand how these assets contribute to the overall business.