What was the total value of Kitchen Solvers' equipment and fixtures as of December 31, 2022?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance Sheets | ||||||
|---|---|---|---|---|---|---|
| December 31, 2024, 2023, and 2022 | ||||||
| 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 23 — Receipts (FDD pages 49–190)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the value of equipment and fixtures as of December 31, 2022, was $34,201. This figure is listed under the 'Property and equipment' section of the balance sheets.
This indicates the original cost of Kitchen Solvers' equipment and fixtures. It's important to note that this value does not reflect any depreciation that may have occurred over time. The net value of property and equipment, which accounts for accumulated depreciation, was $4,508 as of the same date.
Prospective franchisees should consider these figures in the context of the overall financial health of Kitchen Solvers. While the equipment and fixtures value provides insight into the company's investments, the net property and equipment value offers a more accurate picture of the current worth of these assets after accounting for depreciation.