What was the reported value of Kitchen Solvers' machinery and equipment as of December 31, 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance Sheets | ||||||
|---|---|---|---|---|---|---|
| December 31, 2024, 2023, and 2022 | ||||||
| Assets | 2024 | 2023 | 2022 | |||
| Current assets: | ||||||
| Cash | $ 409,936 | $ 192,541 | $ 60,708 | |||
| Accounts receivable | 63,672 | 138,673 | 140,562 | |||
| Accounts receivable - related party | 174,152 | - | - | |||
| Contract assets - Current | 138,404 | 118,404 | 98,129 | |||
| Advances receivable | - | - | 74,472 | |||
| Other receivable | - | - | 3,260 | |||
| Inventory | 28,642 | 14,106 | - | |||
| Prepaid expenses | 2,277 | 2,293 | - | |||
| Total current assets | 817,083 | 466,017 | 377,131 | |||
| 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 | |||
| Other assets: | ||||||
| Territory held for sale | 12,798 | 12,798 | 12,798 | |||
| Contract assets | 787,811 | 746,214 | 659,193 | |||
| Right of use asset - Operating leases | 13,203 | 53,324 | 63,586 | |||
| Goodwill | 366,651 | 366,651 | 366,651 | |||
| Total other assets | 1,180,463 | 1,178,987 | 1,102,228 | |||
| TOTAL ASSETS | Liabilities and Members' Equity | $ 2,111,389 | $ 1,716,210 | $ 1,483,867 |
Source: Item 23 — Receipts (FDD pages 49–190)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the value of their machinery and equipment as of December 31, 2024, was $86,429. This figure represents the original cost of the machinery and equipment before any accumulated depreciation is factored in. It's important to note that this value is a snapshot in time and reflects the company's investment in these assets at that specific point.
For a prospective Kitchen Solvers franchisee, this information provides insight into the franchisor's capital investments. While franchisees typically do not directly acquire these specific assets, understanding the franchisor's financial commitments can be helpful in assessing the overall stability and investment strategy of the company. The value of machinery and equipment can also be indicative of the scale of operations and the resources available to support the franchise system.
It is also important to consider this figure in conjunction with other balance sheet items, such as accumulated depreciation and net property and equipment, to get a more complete picture of the company's asset base. Reviewing these figures over several years, as presented in the provided balance sheets, can reveal trends in Kitchen Solvers' investment and depreciation practices. This information, combined with other financial metrics, can aid potential franchisees in evaluating the financial health and management of Kitchen Solvers.