What was the total current assets amount for Amerispec Inspection Services 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 |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the company's total current assets in 2024 were $4,304,195. The current assets include cash, accounts receivable, other receivables, and prepaid expenses and other current assets.
In addition to the total current assets, the FDD also lists other assets held by Amerispec Inspection Services. These include property and equipment, net of depreciation, which amounted to $1,105,077, a right-of-use asset related to operating leases valued at $1,556,153, goodwill of $13,591,343, intangible assets of $11,920,040, deferred tax assets of $94,570, and notes receivable of $149,239. The sum of all these assets results in total assets of $32,720,617 for Amerispec Inspection Services as of 2024.
Prospective franchisees should consider the assets of Amerispec Inspection Services as an indicator of the company's financial health and stability. Reviewing the different types of assets, such as cash, receivables, and intangible assets, can provide insights into the company's liquidity and long-term value. Comparing these figures with previous years, as provided in the FDD, can also reveal trends in the company's asset growth and management.