What was the reported net value of computer software for Bw Premier Collection in 2023?
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 for 2023 was $25,312,000. This figure represents the value of the company's developed and purchased software, less accumulated amortization. This number is calculated by adding the value of developed software ($96,145,000), purchased software ($8,158,000), and work in process ($2,844,000), then subtracting accumulated amortization ($81,835,000).
For a prospective franchisee, understanding the net value of computer software can provide insight into the technological assets Bw Premier Collection possesses. This may reflect the sophistication and investment in systems used for operations, customer management, or other business functions. The increase from $21,640,000 in 2022 to $25,312,000 in 2023 suggests Bw Premier Collection is continuing to invest in its software assets.
It's important to note that these figures are based on the company's accounting methods, including how they depreciate or amortize these assets. Reviewing the notes to the financial statements can provide further details on these accounting policies. A potential franchisee might want to understand how Bw Premier Collection's technology investments benefit franchisees directly, such as through improved operational efficiency or enhanced customer experiences.