What was the reported value of Coffee News' furniture and equipment before depreciation in 2024?
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' 2025 Franchise Disclosure Document, the value of furniture and equipment before accumulated depreciation was $5,940 in 2024. This figure reflects the original cost of these assets when they were acquired, without accounting for any reduction in value due to wear and tear or obsolescence.
For a prospective Coffee News franchisee, understanding the value of Coffee News' assets can provide insights into the company's financial management and investment in its infrastructure. However, since the furniture and equipment value decreased significantly from previous years, a franchisee may want to inquire about the types of assets Coffee News owns and how they are utilized in the business.
It's important to note that this figure represents the value of furniture and equipment at the corporate level and may not directly correlate to the investments a franchisee would need to make to start their own Coffee News franchise. Franchisees should refer to other sections of the FDD, such as Item 7, to understand the estimated initial investment, including costs for equipment, furniture, and other startup expenses.