What was the value of Kitchen Solvers' machinery and equipment as of December 31, 2023?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Balance Sheets | ||||||
|---|---|---|---|---|---|---|
| December 31, 2024, 2023, and 2022 | ||||||
| Assets | 2024 | 2023 | 2022 | |||
| Property and equipment: | ||||||
| Machinery and equipment | 86,429 | 73,253 | - |
Source: Item 23 — Receipts (FDD pages 49–190)
What This Means (2025 FDD)
According to Kitchen Solvers' 2025 Franchise Disclosure Document, the value of their machinery and equipment as of December 31, 2023, was $73,253. This figure is part of the company's balance sheet, which details assets, liabilities, and equity for the years 2024, 2023, and 2022. The machinery and equipment is listed under 'Property and equipment'.
It's important to note that this value represents the original cost of the machinery and equipment and does not account for accumulated depreciation. The balance sheets show accumulated depreciation separately. For a prospective franchisee, this indicates the level of investment Kitchen Solvers itself has made in such assets.
Understanding the value of Kitchen Solvers' assets can provide insight into the company's financial health and stability. Reviewing these figures over the three years presented allows for an assessment of trends in asset management and investment. A potential franchisee might want to compare these values with those of other similar franchises to gauge Kitchen Solvers' relative capital investment.