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What was the total value of Kitchen Solvers' property and equipment before accumulated depreciation in 2024?

Kitchen_Solvers Franchise · 2025 FDD

Answer from 2025 FDD Document

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 21 — Financial Statements (FDD pages 48–49)

What This Means (2025 FDD)

According to Kitchen Solvers' 2025 Franchise Disclosure Document, the total value of the company's property and equipment before accumulated depreciation in 2024 was $270,611. This figure represents the sum of the original costs of equipment and fixtures ($34,201), technology equipment and software ($109,640), machinery and equipment ($86,429), vehicles ($6,500), and leasehold improvements ($33,841). These assets are recorded at their historical cost, in accordance with accounting principles.

For a prospective Kitchen Solvers franchisee, understanding the value of property and equipment is crucial for assessing the company's financial health and capital investments. The accumulated depreciation, which is subtracted from the total property and equipment value, reflects the wear and tear or obsolescence of these assets over time. In 2024, the accumulated depreciation was $156,768, resulting in a net property and equipment value of $113,843.

It's important to note that these figures represent Kitchen Solvers' assets and not necessarily the investments a new franchisee would need to make. However, reviewing these values can provide insight into the types of assets the company uses to operate its business, which may be relevant when considering the resources a franchisee might need to acquire or lease. Franchisees should inquire about the typical investment in equipment and property required to start and operate a Kitchen Solvers franchise, as this information is not explicitly detailed in this section of the FDD.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.