What was the total value of Kitchen Solvers' machinery and equipment on December 31, 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 |
| 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 21 — Financial Statements (FDD pages 48–49)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the value of their machinery and equipment totaled $86,429 as of December 31, 2024. This figure represents the historical cost of the machinery and equipment Kitchen Solvers owned at that time, before accounting for any depreciation.
For a prospective franchisee, this indicates the level of investment Kitchen Solvers itself has made in such assets. It is important to note that this value reflects the franchisor's assets, not the potential investment a new franchisee would need to make in similar equipment for their own franchise location. Franchisees should inquire separately about the typical equipment and machinery requirements for a new Kitchen Solvers franchise and the associated costs.
It's also worth noting that the FDD includes a broader category of 'Property and equipment,' which encompasses other assets like equipment and fixtures, technology equipment and software, vehicles, and leasehold improvements. The 'Machinery and equipment' line item is just one component of Kitchen Solvers' overall investment in tangible assets. Reviewing the entire 'Property and equipment' section provides a more comprehensive view of the company's capital assets.