What was the reported value of intangible assets as an asset acquired by 360 Painting?

According to the 2025 FDD, 360 Painting's parent company, Premium Service Brands, LLC, acquired Window Gang Ventures Corporation, Inc. in May 2023. As part of this transaction, the value of intangible assets acquired was reported as $5,190,000. The total assets acquired amounted to $6,825,000, which included goodwill valued at $1,635,000. The purchase price for Window Gang was $6,750,000 after accounting for liabilities assumed of $75,000.

Intangible assets can include items such as trademarks, patents, and customer lists. Goodwill represents the value of a company's brand name, customer relationships, intellectual property, and any proprietary technology. These assets are crucial for a franchise system like 360 Painting, as they contribute to brand recognition and market position.

For a prospective 360 Painting franchisee, understanding the valuation of these intangible assets provides insight into the financial health and strategic direction of the parent company. It demonstrates the investment Premium Service Brands, LLC is making in expanding its platform and the potential benefits that could trickle down to individual franchisees through enhanced brand recognition and service offerings. However, it is important to note that the FDD does not specify the exact nature of these intangible assets, so further due diligence may be required to fully understand their value and impact on the 360 Painting franchise system.

It's also worth noting that the FDD mentions that all goodwill recognized in the acquisition related to intangible assets that do not qualify for separate recognition and is expected to be deductible for tax purposes. This could have implications for the overall financial performance and tax liabilities of Premium Service Brands, LLC, which indirectly affects the 360 Painting franchise.