What was the net value of property and equipment for Precision Door Service in 2022?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
nned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Dallas, Texas April 1, 2024
Combined Balance Sheets ($000's)
| As of December 31, | 2023 | (Restated) 2022 |
|---|---|---|
| Assets | ||
| Current assets Cash Restricted Cash Trade accounts receivable - net Trade notes receivable, current portion – net Inventories Prepaid selling |
Source: Item 21 — Financial Statements (FDD page 91)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, the net value of property and equipment in 2022 was $18,279. This figure represents the total value of Precision Door Service's property and equipment after accounting for accumulated depreciation.
This number is important for prospective franchisees as it provides insight into the tangible assets Precision Door Service owns and utilizes in its operations. A higher net value of property and equipment can indicate a more established and potentially stable company. It also reflects the level of investment Precision Door Service has made in its infrastructure.
It's worth noting that the specific types of property and equipment included in this total are detailed elsewhere in the financial statements, such as machinery, software, and vehicles. Reviewing these individual categories can give a more granular understanding of the company's asset composition. Additionally, comparing these figures to those of other franchises can provide a benchmark for evaluating Precision Door Service's financial health and investment in its operational assets.