What was the net property and equipment amount for Amerispec Inspection Services in 2023?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
nd timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Birmingham, Alabama April 30, 2025
TCB Services HoldCo, LLC and Subsidiaries Consolidated Balance Sheets December 31, 2024 and 2023
| 2024 | 2023 As Restated | |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash | $ 1,736,027 |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the net property and equipment for 2023 was $42,500. This figure represents the value of the company's physical assets, such as buildings, machinery, and equipment, after accounting for accumulated depreciation.
For a prospective franchisee, understanding the net property and equipment value can provide insights into the capital intensity of the business. A lower net property and equipment value might suggest that the business model relies less on physical assets and more on intangible assets or services.
It's important to note that the 2023 figures have been restated, which could indicate adjustments or corrections made to the initially reported financials. Franchisees should inquire about the reasons for any restatements to fully understand the company's financial history and current position.