What were the 'Subcontractor costs' for Amerispec Inspection Services in 2023 as restated?
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 wag |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services' 2025 Franchise Disclosure Document, the restated subcontractor costs for 2023 were $1,614,785. This figure is part of the operating expenses listed in the company's receipts.
Subcontractor costs represent the expenses Amerispec Inspection Services incurred by using external contractors to perform services. These costs can fluctuate based on the amount of work outsourced and the rates charged by subcontractors. For a franchisee, understanding these costs is crucial because it provides insight into how much the company spends on external labor, which can affect the overall profitability of the business.
Prospective franchisees should consider these costs when evaluating the financial performance of Amerispec Inspection Services and compare them to industry benchmarks. It's also important to understand the reasons behind any significant changes in subcontractor costs from year to year, as this could indicate changes in the company's business model or operational strategies.