What was the total value of Dermani Medspa's furniture and equipment after accounting for accumulated depreciation?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | |
|---|---|
| Current assets | |
| Cash | $ 114,944 |
| Restricted cash | 68,490 |
| Accounts receivable | 6,506 |
| Related party receivable | 11,363 |
| Operating lease right of use asset, current portion | 37,133 |
| Total current assets | 238,436 |
| Furniture and equipment | |
| Furniture and equipment | 66,483 |
| Less accumulated depreciation | (10,198) |
| Total furniture and equipment | 56,285 |
Source: Item 23 — RECEIPTS (FDD pages 66–311)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the total value of furniture and equipment after accounting for accumulated depreciation was $56,285 as of December 31, 2023. This figure represents the net book value of these assets, calculated by subtracting the accumulated depreciation from the original cost of the furniture and equipment. The original cost of the furniture and equipment was $66,483, and the accumulated depreciation was $10,198.
For a prospective Dermani Medspa franchisee, this information provides insight into the company's asset management and depreciation practices. It shows the level of investment Dermani Medspa has in its physical assets and how these assets are depreciating over time. Understanding the depreciation rate can help franchisees anticipate future capital expenditures for replacing or upgrading equipment.
It's important to note that these figures reflect the financial position of Dermani Medspa Franchising, LLC, and not necessarily the financial status of individual franchise locations. Franchisees should conduct their own due diligence to estimate the costs and depreciation associated with furniture and equipment for their specific Dermani Medspa location. Reviewing these figures in the FDD can help a potential franchisee understand the types of assets needed to run the business and how they are valued for accounting purposes.