What is the estimated useful life of the ASP acquisition as it relates to Benjamin Franklin Plumbing?

According to the 2025 FDD, the estimated useful life of the ASP acquisition, as it relates to Benjamin Franklin Plumbing, is 10 years. As of December 31, 2024, the gross amount of the ASP acquisition was $16,285, with accumulated amortization and impairment of $3,257, resulting in a net amount of $13,028. The weighted average remaining useful life was 8 years.

As of December 31, 2023, the gross amount was the same at $16,285, but the accumulated amortization was $1,629, resulting in a net amount of $14,656, and a weighted average remaining useful life of 9 years. This indicates that a portion of the acquisition's value is being amortized each year, reflecting its use and contribution to the business.

For a prospective Benjamin Franklin Plumbing franchisee, understanding the amortization schedule of acquired assets like ASP is crucial for financial planning and assessing the long-term value of such assets. The consistent 10-year estimated useful life suggests a stable valuation approach, while the yearly amortization impacts the net value on the balance sheet. Reviewing these figures helps in evaluating the overall financial health and strategic asset management of the Benjamin Franklin Plumbing franchise system.