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What was the total amount of Chesters' goodwill, net, as of December 31, 2024?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
Depreciation expense for the years ended December 31, 2024 and 2023, was $169,673 and $49,343 , respectively.
4. GOODWILL AND INTANGIBLE ASSETS
At December 31, changes in the carrying amount of goodwill consist of the following:
Source: Item 21 — **FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
The 2025 FDD for Chesters includes financial statements that were audited. While the FDD mentions goodwill and intangible assets, it does not provide the specific total amount of Chesters' goodwill, net, as of December 31, 2024. The FDD does state that changes in the carrying amount of goodwill are detailed at December 31. To get the specific figure, a prospective franchisee should review the balance sheets and related notes within Exhibit D of the FDD, or ask the franchisor directly.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.