What was the goodwill less accumulated amortization for Buildingstars as of December 31, 2022?

According to Buildingstars's 2025 Franchise Disclosure Document, as of December 31, 2022, the goodwill less accumulated amortization was $807,268. This figure represents the net value of goodwill, which is an intangible asset reflecting the value of Buildingstars's brand reputation, customer relationships, and other factors that contribute to its overall worth, minus the accumulated amortization, which is the systematic reduction of the goodwill's value over time. The initial goodwill before accumulated amortization was $932,014 in 2022.

For a prospective Buildingstars franchisee, understanding goodwill and its amortization can be important for assessing the financial health and stability of the franchisor. A significant amount of goodwill might indicate a strong brand and market position, but it's also crucial to consider how quickly that goodwill is being amortized, as this affects the company's reported earnings. The accumulated amortization of $124,746 in 2022 shows that Buildingstars is reducing the value of its goodwill over time, which is a standard accounting practice.

It is important to note that goodwill is tested for impairment, and if the fair value of the entity is below its carrying amount, it could lead to a write-down of the goodwill. This could impact the overall financial statements of Buildingstars. Franchisees should review these figures in the context of the company's overall financial performance and consult with a financial advisor to understand the implications for their investment.