table_specific

What was the amount of depreciation and amortization for Face Foundrie in 2023?

Face_Foundrie Franchise · 2025 FDD

Answer from 2025 FDD Document

| (559,155) | | Member distributions | (507,842) | | Net income | 233,689 | | Balance at December 31, 2023 | (833,308) | | Member distributions | (486,625) | | Net income | 937,141 | | Balance at December 31, 2024 | $ (382,792) |

STATEMENTS OF CASH FLOWS

For the Years Ended December 31, 2024, 2023 and 2022

2024 2023 2022

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)

What This Means (2025 FDD)

According to Face Foundrie's 2025 Franchise Disclosure Document, the total depreciation and amortization expenses for the company in 2023 was $10,015. This figure reflects the reduction in value of Face Foundrie's assets (both tangible and intangible) over that year. Depreciation specifically accounts for the wear and tear of physical assets, while amortization covers the cost allocation of intangible assets like software or franchise rights.

For a prospective Face Foundrie franchisee, understanding depreciation and amortization is crucial for assessing the company's financial health and how it manages its assets. While franchisees are not directly responsible for these expenses at the franchisor level, they do reflect the overall capital management strategy of Face Foundrie. Strong asset management at the franchisor level can translate to better support and resources available to franchisees.

Additionally, the FDD provides further details on the breakdown of these expenses. The depreciation expense for 2023 was $1,548, while the amortization expense was $8,468. This breakdown can give potential franchisees a clearer picture of the types of assets Face Foundrie invests in and how their value is being recognized over time. Reviewing these figures over the three-year period (2022-2024) can also reveal trends in Face Foundrie's investment and accounting practices.

It is important for potential franchisees to consult with a financial advisor to fully understand the implications of these figures and how they relate to the overall financial stability and growth potential of Face Foundrie. Understanding these expenses in the context of Face Foundrie's broader financial statements can help franchisees make informed decisions about their investment.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.