What was the total value of Kitchen Solvers' leasehold improvements in 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance Sheets | ||||||
|---|---|---|---|---|---|---|
| December 31, 2024, 2023, and 2022 | ||||||
| Assets | 2024 | 2023 | 2022 | |||
| Property and equipment: | ||||||
| Leasehold improvements | 33,841 | - | - |
Source: Item 23 — Receipts (FDD pages 49–190)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the value of leasehold improvements on December 31, 2024, was $33,841. Leasehold improvements are enhancements made to a leased property. These improvements revert to the property owner at the end of the lease term.
For a Kitchen Solvers franchisee, understanding the value of leasehold improvements is important for assessing the company's financial health and investment in its physical locations. This figure, as part of the overall assets, contributes to the net property and equipment value, which impacts the total assets of the company.
Reviewing these figures over the three years presented (2022-2024) can provide insights into Kitchen Solvers' investment strategy and potential growth or contraction. Note that accumulated depreciation is subtracted from the total value of property and equipment to arrive at the net value.