What was the total value of Chesters' furniture and equipment in 2024?

According to Chesters' 2025 Franchise Disclosure Document, the value of furniture and equipment in 2024 was $536,084. The FDD also lists the value of furniture and equipment in 2023 as $533,910.

In addition to furniture and equipment, Chesters' balance sheets include other property and equipment assets such as leasehold improvements and vehicles. These assets are subject to depreciation. The FDD states that Chesters depreciates furniture and equipment using the straight-line method over an estimated useful life of 5 to 7 years.

It is important to note that these figures represent the value of furniture and equipment owned by the franchisor, Chesters International, LLC, and not the individual franchisees. Franchisees will need to make their own investments in furniture and equipment to set up their locations. The costs for franchisees will vary depending on the size and location of their restaurant.

Prospective franchisees should consider the depreciation methods and useful life estimates when evaluating the financial statements. Understanding these accounting practices can help franchisees better assess the long-term value and potential replacement costs of these assets.