What was the reported value of Gold Star's buildings as of December 31, 2024?
Gold_Star Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2025 | $ | 1,332,933 |
|---|---|---|
| 2026 | 1,193,998 | |
| 2027 | 949,919 | |
| 2028 | 958,649 | |
| 2029 | 989,711 | |
| Thereafter | · | 10,086,061 |
| Total Undiscounted Cash Flows | 15,511,271 | |
| Less Present Value Discount | 4,052,404 | |
| Total Lease Liabilities | $_ | 11,458,867 |
NOTE 15 – LEASING REVENUE
The Company has several agreements with lessees to occupy space in facilities originally leased or owned by the Company. The lease agreements are classified as operating leases. The leases expire at various times through February 2038. Rental revenue for the years ended
Source: Item 23 — Receipts (FDD pages 53–163)
What This Means (2025 FDD)
According to Gold Star's 2025 Franchise Disclosure Document, the value of its buildings as of December 31, 2024, was $16,002,653 before accumulated depreciation. After deducting accumulated depreciation of $7,937,500, the net building value under lease is reported as $8,065,153.
These figures reflect the consolidated financial position of Gold Star, including its subsidiary TCWW, LLC, and its consolidated entity GSC Properties, LLC. The buildings are a significant asset for Gold Star, and their value impacts the company's overall financial health and its ability to secure financing or attract investors.
For a prospective franchisee, understanding the value and depreciation of Gold Star's buildings can provide insights into the company's capital investments and asset management strategies. It's also important to note that some of Gold Star's stockholders hold a 100% interest in GSC Properties, LLC, a rental real estate limited liability company, from which Gold Star leases buildings. This arrangement and the consolidation of GSC Properties, LLC, into Gold Star's financial statements, as the primary beneficiary of this VIE, could have implications for the franchisee related to lease agreements and financial stability.