What was the total value of buildings and improvements owned by Monicals Pizza as of December 31, 2023?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
-----------|--------------|--------------| | Equipment | $17,871,081 | $17,471,099 | | Leasehold improvements | 6,936,468 | 6,866,630 | | Buildings | 11,152,528 | 10,844,471 | | Land and land improvements | 5,535,102 | 5,308,883 | | Construction in progress | 259,474 | 167,058 | | | 41,754,653 | 40,658,141 | | Less: Accumulated depreciation | (32,959,506) | (31,814,166) | | | $8,795,147 | $8,843,975 |
Depreciation expense for the years ende
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the company's buildings were valued at $11,152,528 and leasehold improvements at $6,936,468 as of December 31, 2023. These figures represent the original cost of the buildings and improvements before accounting for accumulated depreciation. Land and land improvements were valued at $5,535,102, and equipment at $17,871,081. Construction in progress was listed at $259,474. The total value of property and equipment before depreciation was $41,754,653.
After deducting accumulated depreciation of $32,959,506, the net value of property and equipment for Monicals Pizza was $8,795,147 as of December 31, 2023. This net value reflects the book value of the assets after accounting for wear and tear over time.
For a prospective franchisee, these figures provide insight into the scale of Monicals Pizza's investments in its physical infrastructure. Understanding the depreciation methods and useful lives of these assets, as detailed elsewhere in the FDD, can help franchisees assess the long-term financial health and capital expenditure requirements of the company. Reviewing these figures in comparison to previous years can also reveal trends in Monicals Pizza's investment strategy and asset management practices.