What was the net value of Bw Premier Collection's computer software as of November 30, 2022?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
| (in thousands) | 2023 | 2022 |
|---|---|---|
| Property and equipment, at cost: | ||
| Furniture and equipment | $ 27,359 | $ 29,189 |
| Buildings | 19,815 | 19,385 |
| Land | 2,335 | 2,335 |
| Leasehold improvements | 2,160 | 2,155 |
| Land improvements | 1,234 | 1,234 |
| Work in process | 56 | 70 |
| Property and equipment | 52,959 | 54,368 |
| Less accumulated depreciation | (43,795) | (44,756) |
| Property and equipment, net | 9,164 | 9,612 |
| Computer software, at cost: | ||
| Developed | 96,145 | 80,819 |
| Purchased | 8,158 | 13,367 |
| Work in process | 2,844 | 2,260 |
| Computer software | 107,147 | 96,446 |
| Less accumulated amortization | (81,835) | (74,806) |
| Computer software, net | 25,312 | 21,640 |
| Property, equipment and computer software, net | $ 34,476 | $ 31,252 |
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the net value of computer software as of November 30, 2022, was $21,640,000. This figure represents the cost of the computer software, which includes both developed and purchased software, less accumulated amortization. The total cost of computer software was $96,446,000 with accumulated amortization of $74,806,000.
For a prospective franchisee, this indicates the scale of investment Bw Premier Collection has made in its technology infrastructure. It also highlights the ongoing expense of amortization, which reflects the gradual expensing of the software's value over its useful life. The FDD states that purchased software license fees and related implementation costs, and costs to develop software for internal use are capitalized and amortized on a straight-line basis over a three-year useful life.
It's important to note that these figures reflect Bw Premier Collection's overall investment in computer software and not necessarily the specific software or systems a franchisee would use directly. However, it provides insight into the company's approach to technology and its impact on their financial statements. Franchisees may want to inquire about the specific software they will be required to use, its costs, and any ongoing fees associated with it.