What was the net value of property and equipment for Christian Brothers Automotive as of December 31, 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
| Property and equipment consisted of the following at December 31: | |||
|---|---|---|---|
| 2024 | 2023 | ||
| Office equipment | $ 747,000 | $ 231,000 | |
| Furniture and fixtures | 386,000 | 363,000 | |
| Corporate office | 8,007,000 | 8,007,000 | |
| Vehicles | 136,000 | - | |
| Leasehold improvements | 1,329,000 10,605,000 | 372,000 8,973,000 | |
| Less accumulated depreciation | (626,000) | (229,000) | |
| Total property and equipment, net | $ 9,979,000 | $ 8,744,000 |
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the net value of property and equipment as of December 31, 2024, was $9,979,000. This figure represents the total value of the company's assets, including office equipment, furniture and fixtures, corporate office, vehicles, and leasehold improvements, less accumulated depreciation.
For comparison, the net value of property and equipment on December 31, 2023, was $8,744,000. This indicates an increase of $1,235,000 in net property and equipment value for Christian Brothers Automotive year-over-year.
Prospective franchisees should consider these figures in the context of Christian Brothers Automotive's overall financial health and investment strategy. Understanding the composition and changes in property and equipment can provide insights into the company's capital expenditures and asset management practices.