What was the net value of Amerispec Inspection Services' goodwill in 2024?
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 | $ 1,861,862 |
| Accounts receivable, net | 1,744,530 | 1,617,560 |
| Other receivables | 485,856 | - |
| Prepaid expenses and other current assets | 337,782 | 190,172 |
| Total Current Assets | 4,304,195 | 3,669,594 |
| Property and equipment, net | 1,105,077 | 42,500 |
| Right-of-use asset - operating | 1,556 |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services' 2025 Franchise Disclosure Document, the net value of goodwill as of December 31, 2024, was $13,591,343. This figure represents the value of intangible assets like customer relationships and brand reputation that Amerispec Inspection Services has accumulated. In comparison, the net goodwill for the previous year, 2023, was $10,258,260.
Goodwill is an important asset for Amerispec Inspection Services, reflecting the difference between the purchase price of acquired businesses and the fair value of their identifiable net assets. The company does not amortize goodwill but tests it for impairment when certain events occur that suggest its value may have declined. As of the end of 2024, no such impairment indicators were present, suggesting that Amerispec Inspection Services believes the value of its goodwill remains sound.
For a prospective franchisee, a substantial goodwill figure indicates a strong brand presence and market position for Amerispec Inspection Services. This can be a significant advantage, as it suggests that customers recognize and trust the brand. However, it's important to note that goodwill is an intangible asset and its value can fluctuate based on various factors, including changes in market conditions and the overall performance of the company. Franchisees benefit from the goodwill of the company by operating their business in a manner that will preserve and enhance the goodwill associated with the Names and Marks.
It is important for potential franchisees to understand how Amerispec Inspection Services manages and protects its goodwill, as this can directly impact the success of their individual franchises. They should also inquire about the factors that could potentially lead to impairment of goodwill and how the company plans to mitigate these risks. Understanding the components of goodwill and how it's maintained can give a franchisee a clearer picture of the long-term value and stability of the Amerispec Inspection Services franchise system.