What is the total value of Amerispec Inspection Services' right-of-use asset - operating?
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 |
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to Amerispec Inspection Services' 2025 Franchise Disclosure Document, the right-of-use asset - operating was valued at $1,556,153 in 2024. In 2023, this value was not recorded.
A "right-of-use" asset typically reflects the value of leased properties or equipment. For a prospective Amerispec Inspection Services franchisee, this indicates the financial value Amerispec Inspection Services places on its leased assets, which could include office space, vehicles, or equipment necessary for business operations.
It's important to note that this figure represents the value on the franchisor's balance sheet, not necessarily costs that a new franchisee will incur directly. However, understanding the franchisor's asset values can provide insight into the overall financial health and operational structure of Amerispec Inspection Services.