What was the amortization expense for Beard Papas for the year ended December 31, 2023?
Beard_Papas Franchise · 2025 FDDAnswer from 2025 FDD Document
| Franchisees | ||||
|---|---|---|---|---|
| (Outlets Not Yet Open as of December 31, 2024) State | ||||
| California | San Diego, CA (Outlet Not Yet Open) | Andrew Mekhail | (562) 676-6469 | |
| Nevada | Las Vegas, NV (Outlet Not Yet Open) | Kenneth Wong | (510) 928-1928 | |
| North | Raleigh, SC | Chuang Zhang | zhangchuan0924@gmail.com | |
| Carolina | (Outlet Not Yet Open) | |||
| Utah | Provo, UT (Outlet Not Yet |
Source: Item 23 — RECEIPTS (FDD pages 58–275)
What This Means (2025 FDD)
According to Beard Papas's 2025 Franchise Disclosure Document, the amortization expense for the years ended December 31, 2024 and 2023 were approximately $1,000 and $4,000, respectively. This indicates that Beard Papas's amortization expense for the year 2023 was about $4,000.
Amortization is the process of spreading out the cost of an intangible asset over its useful life. For a Beard Papas franchisee, understanding amortization can be important for financial planning and tax purposes. It represents a non-cash expense that can impact the reported profitability of the business.
It's worth noting that the amortization expense decreased from $4,000 in 2023 to approximately $1,000 in 2024. This could be due to certain intangible assets becoming fully amortized or changes in the company's accounting practices. A prospective franchisee may want to inquire about the specific assets being amortized and the reasons for the change in expense from Beard Papas.