What was the 'Loss from Operations' for Amerispec Inspection Services in 2024?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
| 20,745,443 | 26,082,533 |
| Total Liabilities and Members' Equity | $ 32,720,617 | $ 27,273,869 |
TCB Services HoldCo, LLC and Subsidiaries Consolidated Statements of Comprehensive Loss Year Ended December 31, 2024 and Period from March 31, 2023 to December 31, 2023
| 2024 | 2023 As Restated | |
|---|---|---|
| Net Revenues | $ 9,237,267 | $ 6,168,933 |
| Operating Expenses | ||
| Subcontractor costs | 1,208,476 | 1,614,785 |
| Salaries and wages | 4,172,708 | 2,161,298 |
| Depreciation and amortization | 2,361,412 | 1,615,291 |
| General and administrative | 4,707,220 | 2,611,604 |
| Company owned locations operating costs | 2,118,173 | - |
| Transaction costs | 467,000 | 1,293,018 |
| 15,034,989 | 9,295,996 | |
| Loss from Operations | (5,797,722) | (3,127,063) |
| Other Expense | ||
| Interest expense | 347,731 | - |
| Other (income) | (24,222) | (3,900) |
| Loss Before Income Taxes | (6,121,23 |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the Loss from Operations in 2024 was approximately $5,797,722. This figure reflects the company's operational performance before considering other income, expenses, or taxes. In 2023, as restated, the Loss from Operations was approximately $3,127,063.
This substantial loss from operations in 2024 indicates that Amerispec Inspection Services's operating expenses significantly exceeded its net revenues for that year. Potential franchisees should carefully examine the components of both net revenues and operating expenses to understand the factors contributing to this loss. Understanding the reasons behind the increased loss compared to the previous year is crucial for assessing the financial stability and potential profitability of an Amerispec Inspection Services franchise.
Prospective franchisees should investigate the specific reasons for the increased 'Loss from Operations' in 2024 versus 2023. Key areas to explore include the rise in salaries and wages from $2,161,298 to $4,172,708, and the increase in general and administrative expenses from $2,611,604 to $4,707,220. Additionally, the introduction of company-owned locations operating costs at $2,118,173 in 2024, which were not present in 2023, significantly impacted the overall financial performance. Understanding these factors is vital for making an informed investment decision.