What was the acquisition of property and equipment for Gold Star in the year ended December 31, 2022?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
,208) | 51,027 | 953,524 | | Non-Controlling Interest in GSC Properties, LLC | 8,457,889 | 7,531,345 | 6,674,814 | | Accumulated Other Comprehensive Income | 113,503 | 77,216 | 226,662 | | Total Non-Controlling Interest in | | | | | GSC Properties, LLC | 8,571,392 | 7,608,561 | 6,901,476 | | Total Stockholders' Equity | 8,442,184 | 7,659,588 | 7,855,000 | | Total Liabilities and Stockholders' Equity | 34,551,579 | 33,559,654 | 31,213,387 | | $ | | $ | $ |
GOLD STAR CHILI, INC. CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
| - | - | - | - | - |
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GOLD STAR CHILI, INC. CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY
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GOLD STAR CHILI, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 2023 | (Restated) | ||
| Cash Flows From Operating Activities | |||
| Net Income | $ 2,498,270 $ 1,595,317 | $ 1,936,301 | |
| Reconciliation of Net Income with | |||
| Cash Flows From Operations | |||
| Depreciation | 1,249,072 930,216 | 807,295 | |
| Amortization | 63,323 | 70,168 69,297 | |
| Amortization on Loan Cost | 1 3,492 4 1,695 | 1 2,973 | |
| Loss on Disposal of Property and Equipment | - 4 4,694 | 5,367 | |
| Gain on Early Termination of Lease | - (26,298) | - | |
| Changes In | |||
| Accounts Receivable, Net | 206,833 292,502 | 524,429 | |
| Other Receivables | (589) 229,976 | (67,494) | |
| Inventory | 4 83,139 (354,258) | (479,542) | |
| Prepaid Expenses | 272,464 227,946 | (269,624) | |
| Contract Assets | - 3 6,849 | 1 14,057 | |
| Deposits | 1 43,766 1 0,156 | (239,834) | |
| Right of Use Asset - Operating Leases | 9 75,114 8 81,258 | 6 10,647 | |
| Operating Lease Liabilities | (790,746) (765,735) | (517,628) | |
| Bank Overdraft | - (432,410) | 4 32,410 | |
| Accounts Payable Operating | (755,131) 1,041,601 | (409,194) | |
| Gift Card Liability | 6,158 2,909 | 6,744 | |
| Deferred Franchise Fees | (17,826) (26,558) | (14,609) | |
| Accrued Wages and Other Liabilities | 2 61,526 2 6,786 | (3,854) | |
| Accrued Expenses and Other Liabilities | (205,784) 4 0,485 | (125,691) | |
| Cash Provi |
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the acquisition of property and equipment in the year ended December 31, 2022, was $(1,336,338). This figure represents the cash outflow related to Gold Star's investments in tangible assets like buildings, machinery, and equipment during that year.
For a prospective franchisee, this information provides insight into Gold Star's investment activities and capital expenditures. It indicates how much the company spent on acquiring or upgrading its physical assets during the specified period. This can be a useful benchmark when evaluating the financial health and growth strategy of the franchise.
It's important to note that this figure reflects the consolidated financial activities of Gold Star Chili, Inc., its subsidiary TCWW, LLC, and its consolidated entity, GSC Properties, LLC. Therefore, it represents the total investment in property and equipment across all these entities. A potential franchisee should consider this in the context of the overall financial performance and strategic initiatives of Gold Star.