What was the value of inventories for Moes Southwest Grill as of December 31, 2023?
Moes_Southwest_Grill Franchise · 2025 FDDAnswer from 2025 FDD Document
audit in accordance with US GAAS, we:
- Exercise professional judgment and maintain professional skepticism throughout the audit.
- Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the consolidated financial statements.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control. Accordingly, no such opinion is expressed.
- Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- Co
Source: Item 23 — Receipts (FDD pages 92–334)
What This Means (2025 FDD)
According to Moes Southwest Grill's 2025 Franchise Disclosure Document, the value of inventories as of December 31, 2023, was $978. This figure represents the total value of raw materials, work-in-progress, and finished goods that Moes Southwest Grill held at that specific point in time.
For a prospective franchisee, understanding the inventory value is crucial as it reflects the investment Moes Southwest Grill has in its supplies and products. Efficient inventory management is essential for profitability, as holding too much inventory can lead to spoilage and storage costs, while holding too little can result in stockouts and lost sales.
The FDD also provides the inventory value as of December 29, 2024, which was $1,128. Comparing these figures can give a franchisee an idea of how Moes Southwest Grill manages its inventory levels year-over-year. This information, combined with insights into the cost of goods sold and inventory turnover rates, can help a franchisee better plan their own inventory management strategies.