For the Atwell Suites franchise, what years are covered by the financial statements included in the FDD?
Atwell_Suites Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company has not recognized any impairment losses in respect of the Agreement for the years ended December 31, 2024, 2023, and 2022.
No impairment loss was recognized in any of the years ended December 31, 2024, 2023 or 2022.
Source: Item 23 — Receipts (FDD pages 99–486)
What This Means (2025 FDD)
According to the 2025 Atwell Suites Franchise Disclosure Document, the company's financial statements include data for the years ended December 31, 2024, 2023, and 2022. This information is relevant to prospective franchisees as it provides a historical view of the company's financial performance.
The FDD mentions that the company reviews indefinite-lived intangible assets annually for impairment. For the years 2022, 2023, and 2024, the company did not recognize any impairment losses. This suggests that the company's intangible assets, such as its brand name and trademarks, have maintained their value during this period.
Additionally, the FDD states that contract assets are reviewed for impairment when events or changes in circumstances indicate that the carrying value may not be recoverable. For the years ended December 31, 2024, 2023 and 2022, no impairment loss was recognized. This indicates that the company's investments in securing franchise agreements have been performing as expected and that the future cash flows from these agreements are likely to cover their carrying value.