What was the value of Kitchen Solvers' technology equipment and software in 2024?
Kitchen_Solvers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Assets | 2024 | 2023 | 2022 |
|---|---|---|---|
| Property and equipment: | |||
| Technology equipment and software | 109,640 | 109,640 | 109,640 |
| Less - Accumulated depreciation | (156,768) | (145,888) | (139,333) |
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 technology equipment and software was $109,640 in 2024. This figure represents the cost of the technology assets Kitchen Solvers owned at that time, before accounting for any depreciation.
For a prospective Kitchen Solvers franchisee, this indicates the level of investment Kitchen Solvers has made in technology. It is important to note that this value reflects the original cost, not necessarily the current market value or the functionality of the equipment and software. A potential franchisee might want to inquire about the age and condition of these assets, as well as any ongoing costs for maintenance, upgrades, or licensing.
It's also worth noting that the accumulated depreciation on all property and equipment was ($156,768) as of 2024. However, this figure represents the total accumulated depreciation across all asset categories, not just technology equipment and software. Understanding the net value of these assets (original cost less accumulated depreciation) can provide a more accurate picture of their current worth and potential lifespan.