What was the reported value of Card My Yard's trade name in 2024?
Card_My_Yard Franchise · 2025 FDDAnswer from 2025 FDD Document
LLC. The sellers can earn additional cash consideration up to $5,605,000 if certain sales metrics are met within the 36-month period after closing.
FS PEP HOLDCO, LLC and SUBSIDIARIES
Consolidated Financial Statements As of December 31, 2024 and 2023 and For the Years Then Ended
Together with Independent Auditors' Report
Independent Auditors' Report
To the Board of Managers of FS PEP Holdco, LLC
Opinion
We have audited the accompanying consolidated financial statements of FS PEP Holdco, LLC and subsidiaries (collectively,the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of operations, members' equity, and cash flows for the years then ended, and the related notes to consolidated financialstatements.
Inour opinion,the consolidated financialstatementsreferred toabove presentfairly,in allmaterialrespects, the financial position of FSPEP Holdco, LLC and subsidiaries as of December 31, 2024 and 2023, and the results oftheir operations and their cash flows for the years then ended in accordance with accounting principles generally accepted in the UnitedStates of America.
Due to the March 2024 acquisition of an entity under common control, CMY Holdco, LLC (Note 2), the historical activity prior to the acquisition of CMY Holdco, LLC and its wholly-owned subsidiary, Card my Yard Franchising, LLC, have been retrospectively combined in the consolidated fi
Source: Item 23 — RECEIPTS (FDD pages 84–259)
What This Means (2025 FDD)
According to Card My Yard's 2025 Franchise Disclosure Document, the consolidated financial statements of FS PEP Holdco, LLC and subsidiaries, which include Card My Yard, were audited for the years 2024 and 2023. The audit opinion states that the financial statements fairly present the financial position of the company as of December 31, 2024 and 2023. The audit report does not specify a particular value for the Card My Yard trade name as an individual asset. Instead, the auditors focused on the overall financial presentation of FS PEP Holdco, LLC and its subsidiaries.
The auditor's report mentions that the 2023 financial statements of Card My Yard Franchising, LLC, which reflect total assets of $10,040,671 and total revenues of $3,521,565, were audited by other auditors. This information is included because of the March 2024 acquisition of CMY Holdco, LLC, which includes Card My Yard Franchising, LLC. The historical activity of CMY Holdco, LLC was retrospectively combined into the consolidated financial statements.
While the audit report confirms the overall financial health of Card My Yard and its parent company, it does not break down the specific value of intangible assets like the trade name. A prospective franchisee would need to consult with Card My Yard directly to obtain information about the valuation of their trademarks and other intellectual property. This type of information is often considered confidential and may not be disclosed in the FDD.