What was the total amount of purchases of property and equipment for Clear Pest Pros in 2024?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
December 31, 2024 | | | | |
Consolidated Statements of Cash Flows (dollars in thousands)
| Year ended December 31, | 2024 | 2023 | 2022 (as restated) |
|---|---|---|---|
| Cash Flows from Operating Activities | |||
| Consolidated net loss | $ (11,108) | $ (44,277) | $ (6,330) |
| Adjustments to reconcile consolidated net | |||
| loss to net cash (used in) provided by | |||
| operating activities: | |||
| Depreciation | 505 | 591 | 490 |
| Amortization of intangible assets | 4,380 | 4,380 | 5,169 |
| Credit (recovery) loss | (296) | 627 | 6,949 |
| Loss on disposal of property and equipment | 781 | - | - |
| Impairment of goodwill | 10,519 | 45,537 | 1,266 |
| Impairment of intangible assets | - | - | 4,952 |
| Deferred income taxes | 357 | 265 | (2,595) |
| Noncash lease expense | 67 | (121) | (44) |
| Changes in operating assets and liabilities | |||
| that provide (use) cash: | |||
| Accounts receivable | (459) | 1 | (3,560) |
| Inventory | (2,619) | (1,289) | (1,523) |
| Notes receivable | 970 | 1,506 | 3,607 |
| Prepaid expenses and other assets | 40 | (166) | 473 |
| Deferred commissions | 223 | 284 | (92) |
| Related party | (2,864) | (845) | (7,126) |
| Accounts payable | 609 | (652) | (191) |
| Accrued and other current liabilities | (1,284) | 518 | (534) |
| Deferred revenue | (1,104) | (2,407) | (2,282) |
| Net Cash (Used in) Provided by Operating | |||
| Activities | (1,283) | 3,952 | (1,371) |
| Cash Flows from Investing Activities | |||
| Purchases of property and equipment | (593) | (1,109) | (581) |
| Payments made for patents and trade names | (54) | (78) | (170) |
| Net Cash Used in Investing Activities | (647) | (1,187) | (751) |
| Net (Decrease) Increase in Cash | (1,930) | 2,765 | (2,122) |
| Cash, beginning of year | 4,482 | 1,717 | 3,839 |
| Cash, end of year | $ 2,552 | $ 4,482 | $ 1,717 |
| Classification of Cash | |||
| Cash | $ 1,242 | $ 3,701 | $ 1,372 |
| Restricted cash | 1,310 | 781 | 345 |
| Total Cash | $ 2,552 | $ 4,482 | $ 1,717 |
| Supplemental Cash Flow Information | |||
| Cash paid for taxes | $ 139 | $ 185 | $ 161 |
| Sig |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros's 2025 Franchise Disclosure Document, the total purchases of property and equipment in 2024 were $593. This figure represents the company's investments in tangible assets during that year. These assets are likely used to support the operations of Clear Pest Pros.
For a prospective franchisee, this information provides insight into the capital expenditure patterns of Clear Pest Pros. It shows the level of investment the company makes in its physical infrastructure. Understanding these investment trends can help a franchisee assess the financial health and growth strategy of the franchisor.
It's important to note that this figure reflects only the purchases made by the company itself and may not directly correlate with the investment required by individual franchisees to set up their own Clear Pest Pros franchise locations. Franchisees should refer to other sections of the FDD, such as Item 7, to understand their own potential costs for property and equipment.