What was the net property and equipment value for Kitchen Solvers as of December 31, 2023?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Property and equipment: | |||
| Equipment and fixtures | 34,201 | 34,201 | 34,201 |
| Technology equipment and software | 109,640 | 109,640 | 109,640 |
| Machinery and equipment | 86,429 | 73,253 | - |
| Vehicles | 6,500 | - | - |
| Leasehold improvements | 33,841 | - | - |
| Totals | 270,611 | 217,094 | 143,841 |
| Less - Accumulated depreciation | (156,768) | (145,888) | (139,333) |
| Net property and equipment | 113,843 | 71,206 | 4,508 |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the net property and equipment as of December 31, 2023, was $71,206. This figure represents the value of Kitchen Solvers' equipment and fixtures, technology equipment and software, machinery and equipment, vehicles, and leasehold improvements, less accumulated depreciation. The total value of property and equipment before depreciation was $217,094. Accumulated depreciation was ($145,888).
For a prospective franchisee, understanding the net property and equipment value can provide insights into the tangible assets Kitchen Solvers owns and utilizes in its operations. It can also be helpful to compare these values over different years to identify trends in Kitchen Solvers' investments in its infrastructure.
It's important to note that these figures reflect the financial position of the franchisor, Kitchen Solvers, and not the financial performance of individual franchise locations. Franchisees will need to make their own investments in property and equipment to operate their businesses, and these costs are detailed elsewhere in the FDD.