What was the reported value of equipment for Monicals Pizza in 2022?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the consolidated financial statements of Monical Pizza Corporation and Subsidiaries (the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income, owners' equity and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
I am unable to provide the specific reported value of equipment for Monicals Pizza in 2022, as this information is not present in the provided excerpts from the 2025 Franchise Disclosure Document. While the excerpts include financial statements and auditor's reports, they do not detail the specific value of equipment.
However, the excerpts do contain the consolidated balance sheets as of December 31, 2023 and 2022, and related consolidated statements of income, owners' equity, and cash flows for the years then ended. These financial statements were audited by Baker Tilly US, LLP, indicating a level of scrutiny and reliability. The auditor's consent included in the FDD confirms their approval for the use of these financial statements in the disclosure document.
A prospective franchisee should review the full financial statements within the FDD, specifically the balance sheets, to find the line item for equipment value. If this level of detail is not present, they should ask Monicals Pizza for a breakdown of the equipment valuation and how it is depreciated, as this can significantly impact the financial performance of the franchise.