What was the reported value of tools, machinery, and equipment for Amerispec Inspection Services in 2023?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
years.
Transaction related costs of $1,293,018 were paid and included as operating expenses in the consolidated statements of comprehensive loss for the period ended December 31, 2023.
Note 5. Property and Equipment, net
Property and equipment consisted of the following as of December 31:
| 2024 | 2023 | |
|---|---|---|
| Tools |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the reported value of tools, machinery, and equipment in 2023 was $50,000. This figure represents the company's investment in these assets as of the end of that fiscal year.
For a prospective franchisee, this information provides insight into the capital investment Amerispec Inspection Services has made in its operational infrastructure. While this is a company-wide figure and not specific to individual franchise units, it can be used as a benchmark when evaluating the potential costs associated with equipping a new franchise.
It's important to note that this value reflects the historical cost of the equipment and may not represent its current market value or replacement cost. Additionally, the accumulated depreciation for tools, machinery, and equipment in 2023 was $7,500, resulting in a net book value of $42,500. This depreciation reflects the reduction in value of these assets over time due to wear and tear or obsolescence.