What were the total non-current assets for Face Foundrie in 2023?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | 2022 | |
|---|---|---|---|
| Assets | |||
| Non-current assets | |||
| Operating lease right-of-use asset | 331,322 | 366,840 | 400,209 |
| Equipment, net | 8,039 | 5,030 | 6,577 |
| Intangible assets, net | 41,404 | 53,872 | 42,340 |
| Total non-current assets | 380,765 | 425,742 | 449,126 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the company's total non-current assets in 2023 were $425,742. Non-current assets are those not expected to be converted to cash within one year. These figures are part of Face Foundrie's overall financial health assessment.
The components of Face Foundrie's non-current assets in 2023 included operating lease right-of-use assets valued at $366,840, equipment net of depreciation at $5,030, and intangible assets net of amortization totaling $53,872. These assets reflect Face Foundrie's investments in long-term resources used to operate the business.
A prospective franchisee should consider the composition and value of these non-current assets, as they represent the long-term investments Face Foundrie has made. Understanding these assets can provide insight into the company's operational infrastructure and long-term strategy. Reviewing these figures in comparison to previous years and to other similar franchises can help a franchisee assess the financial stability and growth potential of Face Foundrie.