What was the total value of Kitchen Solvers' inventory in 2023?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
al statements as a whole.
Hancock & Robinson CPAs
La Crosse, Wisconsin
March 7, 2025
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 | - | - |
Source: Item 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the value of their inventory in 2023 was $14,106. This figure represents the cost of goods held by Kitchen Solvers that are intended for sale to customers. Inventory is considered a current asset, reflecting its expected conversion to cash within one year.
For a prospective Kitchen Solvers franchisee, understanding the inventory value is important for assessing the company's financial health and efficiency in managing its resources. A higher inventory value could indicate slower sales or overstocking, while a lower value might suggest efficient inventory management or potential stockout risks.
It's also worth noting that inventory values can fluctuate due to various factors, such as changes in demand, seasonality, and supply chain disruptions. Therefore, franchisees should monitor inventory levels closely and adjust their purchasing strategies accordingly to optimize profitability and minimize losses.