What was the total cost of property and equipment for Clear Pest Pros as of December 31, 2024?
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's 2025 Franchise Disclosure Document, the total cost of property and equipment as of December 31, 2024, was $4,084. This figure represents the aggregate cost of various assets owned by the company, before accounting for accumulated depreciation. These assets include machinery and equipment, vehicles, furniture and fixtures, office and computer equipment, leasehold improvements, and construction in progress.
For a prospective Clear Pest Pros franchisee, understanding the composition and value of these assets is crucial. It provides insight into the capital investments the company has made in its infrastructure and operations. The depreciable life of each asset category, ranging from 1 to 7 years, indicates how quickly these assets lose value and may need replacement. This information can help franchisees assess the company's long-term investment strategy and potential future capital expenditure needs.
It's important to note that the net property and equipment, which is the total cost less accumulated depreciation, was $1,675 as of December 31, 2024. This figure reflects the book value of the assets after accounting for wear and tear. Franchisees should consider both the total cost and net value to get a comprehensive view of the company's asset base and its financial health. Reviewing these figures over the three-year period (2022-2024) can also reveal trends in Clear Pest Pros's investment in its physical assets.