What was the net intangible assets amount for Card My Yard in 2023?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
c cash payments. During the year ended December 31, 2024,the Company received cash paymentstotaling $4,950,000 and the remaining receivable amount of $820,000 is due in September 2025.
The Company determined that since this settlement was related to the acquisition of Packouts, the settlement of amount would be treated as a reduction in the related purchase price and the acquired assets.
3. Goodwill and Intangible Assets
Goodwill and intangible assets consist of the following as of December
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the net intangible assets for 2023 were $116,543,252. This figure represents the value of intangible assets like trade names, franchise agreements, and goodwill, minus accumulated amortization.
Intangible assets are non-physical assets that can provide long-term value to a company. For Card My Yard, these assets include its brand recognition (trade name), the rights granted through franchise agreements, and the overall reputation and customer relationships (goodwill). Amortization is the process of gradually writing off the initial cost of an intangible asset over its useful life.
The table in Item 23 of the FDD provides a snapshot of Card My Yard's intangible assets and their net value after accounting for amortization. Reviewing these figures helps prospective franchisees understand the financial structure of the company and the value it places on its brand and franchise network. The goodwill value of $87,128,812 indicates the established brand presence of Card My Yard.
Understanding the composition and net value of intangible assets can help a potential franchisee assess the overall financial health and stability of Card My Yard. It's important to note that these figures are based on accounting principles and may not directly translate into immediate cash flow or profitability for individual franchisees. However, a strong base of intangible assets can contribute to long-term brand recognition and customer loyalty, which are beneficial for franchisees.