What was the total net value of property and equipment for Christian Brothers Automotive at the end of 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 total net value of property and equipment as of December 31, 2024, was $9,979,000. This figure represents the value of the company's assets, such as office equipment, furniture, fixtures, corporate office, vehicles, and leasehold improvements, after accounting for accumulated depreciation.
For a prospective franchisee, understanding the net value of property and equipment provides insight into the tangible assets Christian Brothers Automotive owns and utilizes in its operations. This can be an indicator of the company's investment in its infrastructure and resources. It's important to note that these figures are for the franchisor, Christian Brothers Automotive, and not for individual franchise locations.
The document also lists the breakdown of property and equipment for 2024, including furniture and fixtures valued at $386,000, the corporate office at $8,007,000, vehicles at $136,000, and leasehold improvements at $1,329,000. The accumulated depreciation was $626,000. Reviewing these specific components can give a potential franchisee a clearer picture of where Christian Brothers Automotive allocates its resources.
Comparing the 2024 figures to those of 2023, where the total net value of property and equipment was $8,744,000, shows an increase in the company's asset base. This could reflect investments in new equipment, improvements to existing facilities, or other capital expenditures. Such increases may signal growth and development within the Christian Brothers Automotive organization.