What was the total cost of all property and equipment owned by Craters & Freighters as of December 31, 2022?

According to Craters & Freighters' 2025 Franchise Disclosure Document, the total cost of all property and equipment as of December 31, 2022, was $326,930. This figure represents the combined cost of office equipment ($80,613), furniture and fixtures ($19,863), leasehold improvements ($11,415), and vehicles ($215,039). This is before accounting for accumulated depreciation.

For a prospective Craters & Freighters franchisee, understanding the cost of property and equipment is crucial for assessing the initial investment and ongoing capital expenditure requirements. These assets are essential for the daily operations of the business, and their costs directly impact the franchisee's financial planning. The accumulated depreciation was $225,263.

It's important to note that these figures reflect the costs for Craters & Freighters corporate, not the costs that a franchisee would incur to acquire similar assets. Franchisees should conduct their own due diligence to determine the costs of property and equipment in their specific location, considering factors such as market prices, availability, and lease terms. Reviewing these costs in relation to depreciation can offer insights into the age and condition of the assets, which may influence future replacement or maintenance expenses.

Prospective franchisees should also inquire about any specific requirements or recommendations from Craters & Freighters regarding the types and quality of property and equipment needed for the franchise. This will help ensure that they are making informed decisions about their investments and aligning with the franchisor's standards.