How much was the amortization of intangible assets for Clear Pest Pros in 2023?

According to Clear Pest Pros's 2025 Franchise Disclosure Document, the amortization expense for intangible assets totaled $4,380,000 in 2023. This figure represents the expense recognized by Clear Pest Pros for the gradual reduction of the book value of its intangible assets, such as franchise agreements, patents, and trademarks, over their useful lives.

For a prospective Clear Pest Pros franchisee, understanding the amortization of intangible assets is crucial because it reflects the company's investment in these assets and how their value is being recognized over time. Amortization is a non-cash expense, meaning it doesn't involve an actual outflow of cash, but it does impact the company's reported profitability. A high amortization expense can reduce net income, which could affect various financial ratios and metrics used to evaluate the company's performance.

The FDD also provides amortization figures for 2024 ($4,380,000) and 2022 ($5,169,000), allowing potential franchisees to see trends in Clear Pest Pros's amortization expenses over the three-year period. This information can be useful in assessing the stability and predictability of the company's financial performance. Additionally, the notes to the consolidated financial statements provide further details on the company's accounting policies and practices related to intangible assets, which can help franchisees gain a deeper understanding of the company's financial reporting.