What was the net value of intangible assets for Christian Brothers Automotive as of December 31, 2024?
Christian_Brothers_Automotive Franchise · 2025 FDDAnswer from 2025 FDD Document
ir value): | | |---|---| | Fair value of cash consideration transferred | $3,100,000 | There were no intangible assets as of December 31, 2023.
Total amortization expense related to
Source: Item 23 — RECEIPTS (FDD pages 76–372)
What This Means (2025 FDD)
According to Christian Brothers Automotive's 2025 Franchise Disclosure Document, the company had intangible assets as of December 31, 2024. The FDD states that the company's intangible assets primarily consist of reacquired franchise rights.
The document also specifies that there were no intangible assets as of December 31, 2023. For the year ended December 31, 2024, the total amortization expense related to these intangible assets was approximately $397,000.
This information is relevant for prospective franchisees as it provides insight into the company's asset composition and how it values its reacquired franchise rights. The amortization expense indicates the rate at which the value of these intangible assets is being recognized over time. Understanding these figures can help a franchisee assess the financial health and investment strategies of Christian Brothers Automotive.