What was the net value of Monicals Pizza's property and equipment as of December 31, 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
PROPERTY AND EQUIPMENT, NET:
Property and equipment are stated at cost, except for assets acquired via business combination, which are stated at
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, Monicals Pizza's accounting practices regarding property and equipment are disclosed. The document states that property and equipment are recorded at cost, except for assets acquired through business combinations, which are recorded at fair value at the time of acquisition.
The FDD also mentions that depreciation is calculated using the straight-line method over the estimated useful lives of the assets. However, the specific net value of Monicals Pizza's property and equipment as of December 31, 2023, is not disclosed in this excerpt.
A prospective franchisee should inquire with Monicals Pizza's management for the specific net value of property and equipment as of December 31, 2023, to gain a clearer understanding of the company's asset base and financial position.