What was the net value of property and equipment for Crepe De Licious in 2022?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | ||||
|---|---|---|---|---|
| Current assets | ||||
| Cash | $ 131,376 | $ 97,398 | ||
| Accounts receivable (net of allowance for credit losses | ||||
| of $10,800 and $-0- as of 2023 and 2022, respectively) | 73,948 | 4 3,172 | ||
| Rebate receivable | 26,499 | 4,508 | ||
| Inventory | 19,156 | 1 6,886 | ||
| Prepaid expenses | 5,906 | 2 ,950 | ||
| Total current assets | 256,885 | 164,914 | ||
| Property and equipment | ||||
| Leasehold improvements | 118,784 | 118,784 | ||
| Furniture and equipment | 98,598 | 9 8,598 | ||
| Software | 4,427 221,809 | 4 ,427 221,809 | ||
| Less: accumulated depreciation | 105,943 | 6 8,369 | ||
| Property and equipment, net | 115,866 | 153,440 | ||
| Right-of-use assets | ||||
| Operating leases | 920,818 | 1 ,128,080 | ||
| Other assets | ||||
| Deferred income tax asset | 2,000 | - | ||
| Shareholder receivable | 59,831 | 5 5,250 | ||
| Total other assets | 61,831 | 5 5,250 |
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the net value of property and equipment in 2022 was $153,440. This figure represents the depreciated value of the company's assets, including leasehold improvements, furniture, equipment, and software. It is calculated by subtracting accumulated depreciation from the total cost of these assets.
Specifically, the assets include leasehold improvements valued at $118,784, furniture and equipment at $98,598, and software at $4,427, totaling $221,809. After deducting accumulated depreciation of $68,369, the net value of property and equipment is $153,440.
For a prospective franchisee, this indicates the level of investment Crepe De Licious has in its own infrastructure and resources. It's important to note that these figures reflect the company's assets and not the initial investment a new franchisee would need to make to start their own Crepe De Licious franchise. Franchisees should refer to other sections of the FDD, such as Item 7, to understand the estimated initial investment required to establish a franchise location.