What was the net value of Clear Pest Pros' property and equipment as of December 31, 2023?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
ing the audit.
March 19, 2025
Consolidated Balance Sheets (dollars in thousands)
| December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Assets | |||
| Current Assets Cash Restricted cash Accounts receivable, net Inventory (Note 6) Notes receivable, current portion net of allowance (Note 7) Prepaid expenses and other current assets | $ 1,242 1,310 2,728 8,673 578 454 | $ 3,701 781 2,338 5,683 639 625 | $ 1,372 345 3,074 4,393 1,661 346 |
| Total Current Assets | 14,985 | 13,767 | 11,191 |
| Right-of-Use Assets, Net | 2, |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros' 2025 Franchise Disclosure Document, the net value of their property and equipment as of December 31, 2023, was $2,220. This figure represents the depreciated value of assets like machinery, vehicles, furniture, fixtures, and office equipment owned by Clear Pest Pros. It is calculated by subtracting accumulated depreciation from the total cost of these assets.
For a prospective franchisee, this number provides insight into the capital investment Clear Pest Pros has in its physical assets. While franchisees will be operating independently, understanding the parent company's asset management can be helpful. It's important to note that the franchisee's own investment in equipment and property will be separate from this figure, as franchisees will need to acquire their own assets to run their Clear Pest Pros business.
Reviewing the changes in net property and equipment value over the three years presented (2022-2024) can also reveal trends in Clear Pest Pros' investment strategy. A significant increase could indicate expansion or upgrades, while a decrease might suggest asset disposal or higher depreciation. Franchisees should consider these trends in the context of Clear Pest Pros' overall financial performance and strategic plans.