What was the total value of Chesters' furniture and equipment in 2022?

According to Chesters' 2025 Franchise Disclosure Document, the value of furniture and equipment in 2022 was $521,401. This figure represents the historical cost of these assets before accounting for any depreciation.

For a prospective franchisee, this number offers insight into the scale of Chesters' investment in its physical assets at the corporate level. It can be used as a benchmark when evaluating the initial investment required to set up a new franchise location, although the franchisee's costs may vary depending on location, store size, and specific equipment needs.

It's important to note that this value does not reflect the depreciated value of the assets. Depreciation is an accounting method used to allocate the cost of an asset over its useful life. The FDD also mentions that Chesters uses the straight-line method for depreciation and estimates the useful life of furniture and equipment to be between 5 and 7 years. Reviewing the accumulated depreciation alongside the initial cost provides a more accurate picture of the net book value of these assets. Franchisees may want to inquire about typical depreciation schedules for their own equipment to understand potential tax benefits and replacement costs.