What is the total value of Amerispec Inspection Services' notes receivable?
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 | - |
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 notes receivable were valued at $149,239 in 2024 and $268,724 in 2023. These figures represent the face value of the notes, less any allowance for credit losses.
Amerispec Inspection Services monitors these notes for potential delinquency and accounts for estimated losses on receivables deemed unlikely to be collected. When assessing the collectability of customer accounts, the company considers factors such as customer creditworthiness, past transaction history, economic and industry trends, changes in payment patterns, and economic forecasts.
For prospective franchisees, understanding the notes receivable is crucial because it reflects the financial health and lending practices of Amerispec Inspection Services. The fact that no allowance for credit losses was deemed necessary in either 2024 or 2023 suggests a strong track record in collecting these receivables. However, franchisees should still inquire about the nature of these notes and the specific terms associated with them to fully assess any potential risks.