What was the amount of disposals related to goodwill for Benjamin Franklin Plumbing in 2024?
Benjamin_Franklin_Plumbing Franchise · 2025 FDDAnswer from 2025 FDD Document
he assets. The assets impaired primarily related to goodwill, franchise relationships and customer relationships intangible assets.
DoodyCalls – DoodyCalls provides pet waste removal services for homeowners. During 2024, the Company sold certain assets associated with the retail operations of the DoodyCalls business. The Company recognized impairment losses totaling $1,508 to write-down the assets associated with the DoodyCalls retail operations. The assets impaired primarily related to franchise relationships and customer relationships intangible assets. The Company also recognized a loss on the disposal of the assets of $1,000. The $1,000 loss on disposal of assets is presented as part of loss on sale of retail on the consolidated statements of operating loss.
10. Loss on Sale of Retail
In July 2024, the Company sold 100% of its equity interest in Monster New Tree Service LLC ("Monster") to a third party. Monster is a comprehensive tree servicing company. The consideration to be received by the Co
Source: Item 22 — CONTRACTS (FDD pages 87–88)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document does not contain the specific amount of disposals related to goodwill for Benjamin Franklin Plumbing. However, it does mention a loss on sale for Monster New Tree Service LLC, a comprehensive tree servicing company, in which the net assets derecognized primarily related to goodwill and property and equipment. The company recognized a loss on sale of $10,276 on the consolidated statements of comprehensive loss during the year ended December 31, 2024.
To get the specific figure for goodwill disposals related to Benjamin Franklin Plumbing, a prospective franchisee should ask the franchisor directly for this information. Understanding the financial performance and asset management of related entities can provide valuable insights into the overall financial health of the parent company.