What was the total value of Kitchen Solvers' machinery and equipment 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: | ||||||
| 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 machinery and equipment in 2024 was $86,429. This is part of the company's assets, as shown on the balance sheets. The balance sheets also list equipment and fixtures valued at $34,201 and technology equipment and software valued at $109,640 for the same year.
These figures reflect the original cost of the machinery and equipment before accounting for accumulated depreciation. Depreciation is the reduction in the value of an asset over time due to wear and tear, obsolescence, or other factors. The accumulated depreciation for all property and equipment was ($156,768) in 2024.
For a prospective Kitchen Solvers franchisee, understanding these asset values can be useful in assessing the financial health and capital investment of the company. It is important to note that these values do not reflect the net value after depreciation, which would provide a more accurate picture of the current worth of these assets.