What is the difference in Furniture and Fixtures between 2023 and 2024 for Craters & Freighters?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
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| As of December 31, | 2024 | 2023 |
|---|---|---|
| Current Assets: | ||
| Cash and Cash Equivalents | $ 5,342,958 $ | 6,991,649 |
| Marketable Securiti |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Craters & Freighters' 2025 Franchise Disclosure Document, the value of Furniture and Fixtures remained the same between December 31, 2023, and December 31, 2024. The cost for Furniture and Fixtures was listed as $19,863 in both years.
This indicates that Craters & Freighters did not purchase new furniture or fixtures, or dispose of existing ones, during this period. For a prospective franchisee, this could mean that the initial investment in furniture and fixtures is a relatively stable cost, at least at the corporate level. It's important to note that this figure reflects the franchisor's assets and may not directly correlate to the investment required for a new franchise location.
Franchisees should still conduct their own due diligence to determine the specific furniture and fixture requirements for their location and associated costs. These costs can vary widely depending on the size and layout of the premises, as well as the specific needs of the business. It would be prudent to inquire with Craters & Freighters about typical furniture and fixture costs for new franchise locations and whether there are any approved vendors or specific requirements that must be followed.