What was the total value of Dq Treat's land holdings, at cost, as of December 31, 2024?
Dq_Treat Franchise · 2025 FDDAnswer from 2025 FDD Document
gregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
February 7, 2025
(A Wholly Owned Subsidiary of Berkshire Hathaway Inc.) Consolidated Balance Sheets
In thousands
| Assets | December 31 | |
|---|---|---|
| 2024 | 2023 | |
| Current assets | $ 27,271 | $ 27,032 |
| Cash and cash equivalents | ||
| Notes and accounts receivable—less allowance of $1,501 and $903 | 50,352 | 50,742 |
| in 2024 a |
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)
Based on the 2025 Dq Treat Franchise Disclosure Document, the provided excerpts do not contain a specific line item for the value of land holdings. However, the balance sheets do list various asset categories. As of December 31, 2024, the company's total assets were $355,906. These assets are broken down into current and noncurrent assets. Current assets totaled $132,080, while noncurrent assets totaled $223,826.
Within noncurrent assets, there are categories such as property and equipment net of depreciation ($10,903), goodwill ($92,023), intangibles net of amortization ($82,398), operating lease assets ($5,090), and other assets ($33,412). It is possible that land holdings are included within "property and equipment, net" or "other" but this cannot be determined from the provided excerpt.
A prospective Dq Treat franchisee should inquire with the franchisor about the specific value of the company's land holdings, as this information is not explicitly detailed in the provided financial statements. Understanding the composition of the "property and equipment, net" and "other" asset categories would provide greater clarity on the company's investment in land.