What was the net value of property and equipment for Clean Your Dirty Face in 2024?
Clean_Your_Dirty_Face Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Property and Equipment | ||
| Equipment | 585 | |
| Less: accumulated depreciation | (585) | |
| Net Property and Equipment | - |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Clean Your Dirty Face's 2025 Franchise Disclosure Document, the net value of property and equipment in 2024 was zero. The balance sheet shows equipment valued at $585, with accumulated depreciation also at $585, resulting in a net value of zero for property and equipment.
This indicates that Clean Your Dirty Face had minimal investment in physical assets like equipment at the corporate level in 2024. The equipment is depreciated using the straight-line method over an estimated useful life of five years. This may reflect a business model that relies more on intangible assets or requires franchisees to invest in their own equipment.
For a prospective franchisee, this could mean that Clean Your Dirty Face does not provide significant equipment as part of the franchise package. Franchisees should inquire about the typical equipment needed to operate a Clean Your Dirty Face location and factor those costs into their initial investment. Understanding the depreciation methods and asset management practices is also important for financial planning.