What was the net value of Craters & Freighters' property and equipment as of December 31, 2022?

According to Craters & Freighters' 2025 Franchise Disclosure Document, the net book value of their property and equipment as of December 31, 2022, was $101,667. This figure is derived from the total cost of property and equipment ($326,930) less accumulated depreciation ($225,263). The assets include office equipment, furniture and fixtures, leasehold improvements, and vehicles.

Specifically, the breakdown of property and equipment shows that office equipment, furniture and fixtures, and leasehold improvements had a net book value of $0 because their costs were fully offset by accumulated depreciation. The only property with a remaining net book value was vehicles, which had a cost of $215,039 and accumulated depreciation of $113,372, resulting in a net book value of $101,667.

This information is relevant for prospective Craters & Freighters franchisees as it provides insight into the company's asset management and depreciation practices. It also shows the level of investment Craters & Freighters has in its physical assets. Understanding these figures can help a franchisee assess the financial health and stability of the franchisor.