What was the total amount of Kitchen Solvers' inventory in 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 |
Source: Item 23 — Receipts (FDD pages 49–190)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the company's inventory totaled $28,642 in 2024. This figure is part of the company's current assets, which totaled $817,083 for the same year.
For a prospective franchisee, understanding the inventory value is crucial as it reflects the value of materials and products Kitchen Solvers had on hand at the end of 2024. This can provide insights into the scale of operations and the level of investment required to maintain necessary stock levels.
It's also worth noting the changes in inventory value over the years. In 2023, the inventory was $14,106, indicating a significant increase in 2024. This could be due to various factors, such as increased sales, changes in supply chain management, or strategic decisions to hold more stock. A potential franchisee should inquire about the reasons behind these fluctuations to better understand the business's operational dynamics and financial health.