What was the total cost of property and equipment for Clear Pest Pros in 2022?
Clear_Pest_Pros Franchise · 2025 FDDAnswer from 2025 FDD Document
onsolidated Financial Statements (dollars in thousands)**
8. Property and Equipment
Property and equipment are summarized as follows:
| December 31, | 2024 | 2023 | 2022 | Depreciable Life (Years) |
|---|---|---|---|---|
| Machinery and equipment | $ 861 | $ 844 | $ 762 | 5-7 |
| Vehicles | 276 | 222 | 102 | 6 |
| Furniture and Fixtures | 191 | 191 | 126 | 7 |
| Office and computer equipment | 1,823 | 1,442 | 1,253 | 3-7 |
| Leasehold Improvements | 445 | 441 | 431 | 1-5 |
| Construction in progress | 488 | 1,005 | 362 | - |
| Total Cost | 4,084 | 4,1 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 67)
What This Means (2025 FDD)
According to Clear Pest Pros' 2025 Franchise Disclosure Document, the total cost of property and equipment in 2022 was $3,036. This figure represents the sum of various assets owned by the company, including machinery and equipment ($762), vehicles ($102), furniture and fixtures ($126), office and computer equipment ($1,253), leasehold improvements ($431), and construction in progress ($362). These assets are essential for Clear Pest Pros to conduct its business operations.
It is important to note that this total cost does not reflect the net value of these assets after accounting for accumulated depreciation. The accumulated depreciation for 2022 was $1,335, which reduces the net property and equipment value to $1,701. Depreciation is an accounting method used to allocate the cost of an asset over its useful life, reflecting the gradual wear and tear or obsolescence of the asset.
For a prospective franchisee, understanding the composition and depreciation of these assets is crucial. It provides insight into the capital investments Clear Pest Pros has made in its infrastructure and the ongoing expenses associated with maintaining and replacing these assets. Reviewing these figures over several years, as presented in the table, can reveal trends in Clear Pest Pros' investment strategy and asset management practices.