What was the net value of furniture and equipment for Coffee News in 2023?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
| Furniture and equipment consist of the following: | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Furniture and equipment | $5,940 $ | 107,657 | $107,657 | |
| Less accumulated depreciation | (5,940) | (75,792) | (68,680) | |
| $ | - $ | 31,865 | $38,977 |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, the net value of furniture and equipment in 2023 was $31,865. This figure is calculated by subtracting accumulated depreciation from the original cost of the furniture and equipment.
Specifically, in 2023, the original cost of Coffee News's furniture and equipment was $107,657, and the accumulated depreciation was $75,792. The difference between these two amounts results in the net value of $31,865.
For a prospective franchisee, this indicates the level of investment Coffee News itself has made in physical assets like furniture and equipment. It's important to note that these figures reflect Coffee News USA, Inc.'s assets and not the investment a franchisee would need to make. Franchisees should inquire about what furniture and equipment they will need to operate their own Coffee News franchise and what the estimated costs will be.