What were the total expenses for Bw Premier Collection in 2024?
Bw_Premier_Collection Franchise · 2025 FDDAnswer from 2025 FDD Document
otal contract liabilities | $ 343,781 | $ 346,867 | The Company has elected the private-company alternative to amortize goodwill over 10 years. Amortization expense for goodwill was approximately $0.8 million and $0.8 million for the years ended November 30, 2024 and 2023, respectively, and is estimated to be approximately $0.8 million annually for fiscal years ended 2025 through 2028.
Acquired customers and developed technology are definite-life intangible assets, and as such, amortization expense is calculated using a method that most appropriately reflects expected cash flows from these assets with an amortization period, ranging from 7.5 years to 10 years, depending on the type of asset. Amortization expense for definite-life intangible assets was approximately $0.4 million and $0.4 million for the years ended November 30, 2024 and 2023, respectively, and is estimated to be approximately $0.4 mi
Source: Item 23 — Receipts (FDD pages 54–203)
What This Means (2025 FDD)
According to Bw Premier Collection's 2025 Franchise Disclosure Document, the provided financial statements detail revenues and expenses through November 30, 2023, but do not include total expenses for 2024. However, the document does provide some specific expense items for 2024. For example, the amortization expense for goodwill was approximately $0.8 million for the year ended November 30, 2024, and is estimated to remain around $0.8 million annually through fiscal year 2028. Additionally, the amortization expense for definite-life intangible assets was approximately $0.4 million for the year ended November 30, 2024, with estimations of approximately $0.4 million annually through fiscal year 2026.
The FDD also includes a table showing operating and variable lease expenses. The variable lease expense for 2024 is listed as $11,000. The document also lists accrued liabilities and assets. Accrued liabilities totaled $21,878,000 in 2024. Total long-term debt and equity securities amounted to $358,416,000 in 2024.
To fully understand Bw Premier Collection's financial performance and total expenses for 2024, a prospective franchisee should request the complete audited financial statements from the franchisor. This will provide a comprehensive view of all revenue streams, expenses, and overall profitability, which is essential for making an informed investment decision.