What is the total value of Amerispec Inspection Services' goodwill, net?
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 goodwill, net, was valued at $13,591,343 in 2024 and $10,258,260 in 2023. Goodwill represents the intangible assets of a business, such as brand reputation, customer relationships, and intellectual property, that are not separately identifiable but contribute to its overall value.
For a prospective Amerispec Inspection Services franchisee, understanding the goodwill value is important because it reflects the perceived value and reputation of the brand. A higher goodwill value generally indicates a stronger brand presence and customer loyalty, which can positively impact a franchisee's ability to attract and retain customers. However, it's important to note that goodwill is an intangible asset and its value can fluctuate based on various factors, including market conditions and the company's performance.
The FDD also mentions that Amerispec Inspection Services amortizes goodwill on a straight-line basis over 10 years and tests it for impairment when certain events occur. This means that the value of goodwill is periodically reviewed and adjusted if there are indications that its fair value has declined. Franchisees should be aware of this accounting practice and its potential impact on the company's financial statements.
In summary, the goodwill value provides insights into the brand strength and intangible assets of Amerispec Inspection Services. While a high goodwill value can be a positive indicator, franchisees should also consider other factors and understand the potential risks and fluctuations associated with this intangible asset.