What was the goodwill less accumulated amortization for Buildingstars as of December 31, 2023?

According to Buildingstars's 2025 Franchise Disclosure Document, the goodwill less accumulated amortization as of December 31, 2023, was $700,971. This figure represents the net value of goodwill, which is an intangible asset reflecting the value of the Buildingstars brand and customer relationships, after accounting for accumulated amortization, which is the systematic reduction of the goodwill's value over time.

For a prospective Buildingstars franchisee, this number provides insight into the company's financial health and how it values its intangible assets. Goodwill typically arises from acquisitions, and its value can fluctuate based on the performance and reputation of the acquired entities. The amortization expense, as noted elsewhere in the FDD, reflects the periodic write-down of this goodwill, impacting the company's net income.

It's important for potential franchisees to understand how Buildingstars manages and accounts for goodwill, as it can affect the company's reported earnings and overall financial stability. Monitoring this figure over time, as presented in the table for 2022, 2023, and 2024, can reveal trends in the company's acquisition activities and the performance of acquired businesses. A significant decrease in goodwill less accumulated amortization could signal impairment or other financial challenges, while a stable or increasing value may indicate successful acquisitions and brand management.