What were the totals for property and equipment for Kitchen Solvers as of December 31, 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 company's total property and equipment before accumulated depreciation was $270,611 as of December 31, 2024. After deducting accumulated depreciation of $156,768, the net property and equipment was $113,843.
These figures reflect the original cost of Kitchen Solvers' equipment, technology, machinery, vehicles, and leasehold improvements, less the reduction in value due to depreciation. For a prospective franchisee, this indicates the level of investment Kitchen Solvers has made in its own infrastructure and assets. It's important to note that these figures represent Kitchen Solvers' corporate assets and not the investment required by a new franchisee to start their own Kitchen Solvers business.
A potential franchisee should consider these figures in the context of Kitchen Solvers' overall financial health and stability. While not directly indicative of the costs a franchisee will incur, they provide insight into the company's asset management and capital investments. Further research into the specific investments required to start a franchise, as detailed in other sections of the FDD, is essential for making an informed decision.