What was the total value of Amerispec Inspection Services' members' equity in 2023 as restated?
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 |
| Right-of-use asset - operating | 1,556,153 | - |
| Goodwill, net | 13,591,343 | 10,258,260 |
| Intangible assets, net | 11,920,040 | 13,034,791 |
| Deferred tax assets | 94,570 | - |
| Notes receivable | 149,239 | 268,724 |
| Total Assets | $ 32,720,617 | $ 27,273,869 |
| LIABILITIES AND MEMBERS' EQUITY | ||
| Current Liabilities | ||
| Accounts payable | $ 1,188,298 | $ 732,638 |
| Accrued expenses and other payables | 736,452 | 458,698 |
| Deferred revenue | 484,468 | - |
| Current portion of notes payable | 821,429 | - |
| Line of credit | 500,000 | - |
| Current portion of operating lease liabilities | 493,454 | - |
| Total Current Liabilities | 4,224,101 | 1,191,336 |
| Noncurrent Liabilities | ||
| Notes payable, net of current porti |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services' 2025 Franchise Disclosure Document, the total value of the company's members' equity in 2023, as restated, was $26,082,533. This figure represents the ownership stake of the members in the company after accounting for all assets and liabilities.
For a prospective franchisee, understanding the members' equity can provide insight into the financial structure and stability of Amerispec Inspection Services. A higher members' equity generally indicates a stronger financial position, as it means the company has more assets than liabilities. This can be reassuring for franchisees who are considering investing in the brand.
The restatement of the 2023 financials suggests that there were adjustments made to the initial financial reporting. Note 2 in Item 23 clarifies that the company retroactively recorded acquired intangible assets as of March 31, 2023, which affected several financial statement line items for that year. This restatement is important for franchisees to be aware of, as it provides a more accurate picture of the company's financial performance during that period.
It is important for potential franchisees to review the complete financial statements and notes in Item 23 of the FDD to fully understand the financial health and historical performance of Amerispec Inspection Services. Consulting with a financial advisor is also recommended to assess the implications of the members' equity and any restatements on their investment decision.