What was the gross value of Amerispec Inspection Services' tradenames as of 2023?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
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Amortization expense of goodwill was approximately $1,225,000 and $833,000 during the year ended December 31, 2024, and period ended December 31, 2023, respectively. Future amortization of goodwill is expected to be approximately $1,570,000 per year for the next five years.
Intangible Assets
| Useful Life | Gross Value | Accumulated | Net Value |
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Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services' 2025 Franchise Disclosure Document, the gross value of their tradenames as of 2023 was $3,334,135. This value is part of a larger category that includes franchise relationships and internal use software, with a combined gross value of $13,733,763.
It's important to note that this gross value is before accumulated amortization, which in 2023 was $(588,231) for tradenames, $(1,219,643) for franchise relationships and $(5,849) for internal use software. After accounting for accumulated amortization, the net value of the tradenames was $2,745,904, the franchise relationships was $9,149,912, and the internal use software was $24,224, resulting in a total net value of $11,920,040 for all three.
For a prospective franchisee, understanding these values can provide insight into the overall financial health and valuation of Amerispec Inspection Services' intangible assets. It's common for franchise systems to have significant value tied up in their brand and related assets, and this information can be useful in assessing the long-term potential and stability of the franchise opportunity.