What was the net property and equipment value for Mr. Sandless as of December 31, 2024?

According to Mr. Sandless's 2025 Franchise Disclosure Document, the net book value of property and equipment as of December 31, 2024, was $44,492. These assets include office equipment, computer equipment, and automobiles, which are depreciated using the straight-line method over an estimated useful life of five years. This figure represents the depreciated value of these assets after accounting for accumulated depreciation.

For a prospective franchisee, understanding the net value of Mr. Sandless's property and equipment can provide insights into the company's capital investments and asset management practices. The depreciation method used, straight-line over five years, is a common accounting practice that evenly distributes the cost of the asset over its useful life. This can affect the company's reported profits and tax liabilities.

It's important to note that these financial statements are audited, as indicated in Exhibit B of the FDD. Franchisees should review the complete financial statements and notes, possibly with a financial advisor, to fully understand Mr. Sandless's financial health and stability. Additionally, franchisees should inquire about any planned capital expenditures or changes in depreciation policies that could affect future financial performance.