What was the value of intangible assets for All Dogs Unleashed as of December 31, 2024?
All_Dogs_Unleashed Franchise · 2025 FDDAnswer from 2025 FDD Document
nts, considered in the aggregate, that raise substantial doubt about ADU Franchise limited liability company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Dallas, Texas March 20, 2025
| As of December 31, | 2024 | 2023 | |--------------------------------
Source: Item 23 — RECEIPTS (FDD pages 49–158)
What This Means (2025 FDD)
According to All Dogs Unleashed's 2025 Franchise Disclosure Document, the value of intangible assets as of December 31, 2024, was $45,824. The FDD also provides a comparative figure, showing that the value of intangible assets as of December 31, 2023, was $0. This indicates a significant increase in intangible assets for All Dogs Unleashed during 2024.
Intangible assets typically include items like trademarks, patents, and goodwill, which are not physical but have value to the company. For a prospective All Dogs Unleashed franchisee, understanding the nature and value of these assets can be important. It reflects the brand's strength and market position, which can influence the franchisee's potential success.
The increase in intangible assets may be due to various factors, such as the development of new trademarks, improvements to existing systems, or increased brand recognition. Franchisees benefit from a strong brand and well-protected intellectual property, as it can provide a competitive advantage and attract customers. It's worth noting that the FDD also mentions amortization expense related to intangible assets, which was $14,197 for the year ended December 31, 2024, and $0 for the years ended December 31, 2023, and 2022. This indicates that All Dogs Unleashed is recognizing the expense associated with the use of these intangible assets over time.
Prospective franchisees should inquire about the specific types of intangible assets All Dogs Unleashed possesses and how these assets contribute to the overall value of the franchise. Understanding the company's investment in and management of these assets can provide valuable insight into the long-term potential and stability of the franchise system.