What was the value of Kitchen Solvers' technology equipment and software 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 value of their technology equipment and software as of December 31, 2024, was $109,640. This figure is listed under the 'Property and equipment' section of the balance sheets. The same value was also reported for the years 2023 and 2022.
This indicates that Kitchen Solvers may not have made any new investments in technology equipment and software during the three-year period covered by the balance sheets. For a prospective franchisee, this could mean that the technology and software used in the Kitchen Solvers franchise system are relatively stable and do not require frequent upgrades or changes.
However, it is important for a potential franchisee to investigate further and understand what this technology equipment and software includes, how it is used in the business, and whether it is up-to-date. It would be prudent to ask Kitchen Solvers about their plans for future technology investments and how those investments might impact franchisees.