What was the net property and equipment value for Flowerama on July 3, 2022?
Flowerama Franchise · 2024 FDDAnswer from 2024 FDD Document
imates 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 Flowerama of America, Inc.'s (a wholly owned subsidiary of 1-800 Flowers Retail, Inc.) 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.
HOGAN - HANSEN
Waterloo, Iowa October 2,
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 72–77)
What This Means (2024 FDD)
According to Flowerama's 2024 Franchise Disclosure Document, the net property and equipment value on July 3, 2022, was $756,245. This figure represents the value of Flowerama's equipment and leasehold improvements after accounting for accumulated depreciation. This number is an indicator of the company's financial health and its investment in long-term assets.
For a prospective franchisee, understanding the net property and equipment value can provide insights into the scale and nature of Flowerama's operations. It reflects the resources Flowerama has invested in its infrastructure and physical assets to support its franchising activities. A higher net property and equipment value might suggest a more established and robust operational foundation.
It's important to note that this value is specific to Flowerama of America, Inc., and not necessarily reflective of the investment required by individual franchisees to set up their own Flowerama stores. Franchisees should focus on the initial investment costs outlined in Item 7 of the FDD to understand their own capital expenditure requirements. This figure provides a snapshot of Flowerama's corporate assets, which are distinct from the assets a franchisee would need to acquire.