table_specific

What is the total value of Amerispec Inspection Services' goodwill, net?

Amerispec_Inspection_Services Franchise · 2025 FDD

Answer 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.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.