What is the total value of Amerispec Inspection Services' intangible assets, 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' 2025 Franchise Disclosure Document, the company's intangible assets, net, were valued at $11,920,040 in 2024 and $13,034,791 in 2023. Intangible assets for Amerispec Inspection Services relate to trade names and franchise relationships. The company amortizes trade names on a straight-line basis over 10 years, and franchise relationships on a straight-line basis over 15 years.
These intangible assets are periodically evaluated to determine if their carrying values are recoverable. As of December 31, 2024, and December 31, 2023, management determined that no impairment existed. This indicates that the value of these assets was not deemed to have declined below their recorded book value during those periods.
For a prospective Amerispec Inspection Services franchisee, understanding the valuation and amortization of intangible assets is important. These assets, particularly the trade name and franchise relationships, are key to the franchise's brand recognition and market position. The consistent evaluation for impairment suggests that Amerispec Inspection Services actively monitors the value of these assets, which can provide some reassurance about the stability and management of the brand's core intellectual property.