What was the amount of provisions for Bw Premier Collection in 2022?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| |
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: |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the information provided includes the net carrying amount at November 30, 2022, for amortizing goodwill and other intangible assets. Specifically, the amortizing goodwill for WorldHotels is $3,343,000 and for AutoClerk is $1,465,000. The acquired customers are listed at $833,000 and developed technology is listed at $1,108,000.
However, the term 'provisions' is not used in the context of these assets. It is important to note that these figures represent the net carrying amount, which is the original cost less accumulated amortization, as of a specific date (November 30, 2022). This means the initial investment in these assets was higher, and the listed amounts reflect their value after accounting for amortization.
To fully understand the financial implications, a prospective Bw Premier Collection franchisee should clarify with the franchisor what specific items constitute 'provisions' and how they relate to these intangible assets. Understanding the initial costs, amortization schedules, and any potential provisions is crucial for assessing the financial health and future performance of the franchise.