What was the total value of Amerispec Inspection Services' total assets?
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's 2025 Franchise Disclosure Document, the company's total assets were valued at $32,720,617 in 2024 and $27,273,869 in 2023.
These assets are categorized into several components. Current assets include cash, accounts receivable, other receivables, and prepaid expenses, totaling $4,304,195 in 2024 and $3,669,594 in 2023. Non-current assets include property and equipment, right-of-use assets, goodwill, intangible assets, deferred tax assets, and notes receivable. Goodwill, net, was valued at $13,591,343 in 2024 and $10,258,260 in 2023, while intangible assets, net, were valued at $11,920,040 in 2024 and $13,034,791 in 2023.
The increase in total assets from 2023 to 2024 is primarily due to increases in cash, accounts receivable, other receivables, prepaid expenses, property and equipment, right-of-use assets, and goodwill. These figures provide insight into the financial health and composition of Amerispec Inspection Services' assets, which can be a useful consideration for prospective franchisees.