What was the net value of Dq Treat's property and equipment as of December 31, 2023?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
chased or the existing franchise agreement.
Use of Estimates—The preparation of the consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements, the reported amounts of revenues an
Source: Item 17 — The following paragraph is added to the end of Item 17 of the Disclosure Document: (FDD pages 70–378)
What This Means (2025 FDD)
According to Dq Treat's 2025 Franchise Disclosure Document, the net value of its property and equipment as of December 31, 2023, was $12,309. This figure represents the original cost of Dq Treat's property and equipment, less any accumulated depreciation. The original cost of the property and equipment totaled $22,551 in 2023, while the accumulated depreciation was $10,242.
Property and equipment typically include tangible assets such as land, buildings, leasehold improvements, equipment, and vehicles. These assets are essential for Dq Treat's operations and contribute to its ability to generate revenue. The net value reflects the book value of these assets after accounting for depreciation, which is the allocation of the cost of these assets over their useful lives.
A prospective franchisee should understand how Dq Treat manages and accounts for its property and equipment, as this can impact the company's financial performance and stability. Monitoring the changes in property and equipment values over time can provide insights into Dq Treat's investment in its infrastructure and its ability to maintain and upgrade its assets. This information can be useful for assessing the long-term viability and growth potential of the Dq Treat franchise system.
It's important to note that these figures represent Dq Treat's overall financial position and may not directly reflect the financial performance of an individual franchise location. However, understanding the franchisor's financial health can provide valuable context for evaluating the franchise opportunity.