What was the accumulated amortization for acquired customers for Bw Premier Collection as of November 30?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
other intangible assets consisted of the following:
| (in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount at November 30 | |
|---|---|---|---|---|
| Amortizing goodwill: WorldHotels AutoClerk Amortizing other intangible assets: | $ 4,554 2,198 | $ (1,750) (953) | $ 2,804 1,245 | |
| Acquired customers: | 1,500 | (867) | 633 | |
| AutoClerk | ||||
| Developed technology: | ||||
| AutoClerk | 1,900 | (1,029) | 871 |
November 30, 2023
| As of November 30, 2022 | |||||
|---|---|---|---|---|---|
| (in thousands) | Gross Carrying Amount | Accumulated Amortization | Net Carrying Amount at November 30 | ||
| Amortizing goodwill: WorldHotels AutoClerk Amortizing other intangible assets: | $ 4,554 2,198 | $ (1,211) (733) | $ 3,343 1,465 | ||
| Acquired customers: | 1,500 | (667) | 833 | ||
| AutoClerk | |||||
| Developed technology: | 1,900 | (792) | 1,108 | ||
| AutoClerk |
The Company has elected the private-company alternative to amortize goodwi
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the accumulated amortization for acquired customers as of November 30, 2024, related to AutoClerk, was $(867,000). The gross carrying amount for acquired customers was $1,500,000, resulting in a net carrying amount of $633,000.
In the previous year, as of November 30, 2022, the accumulated amortization for acquired customers related to AutoClerk was $(667,000). The gross carrying amount was $1,500,000, resulting in a net carrying amount of $833,000.
These figures reflect the amortization of intangible assets recognized from the acquisition of AutoClerk. Amortization is the systematic reduction of the book value of an intangible asset over its useful life. For a potential Bw Premier Collection franchisee, understanding these figures is crucial as it provides insight into how the franchisor values and accounts for acquired customer relationships, which can impact the overall financial health and valuation of the company.