What was the total value of Jersey Mikes' intangible assets, net of depreciation, in 2024?
Jersey_Mikes Franchise · 2025 FDDAnswer from 2025 FDD Document
| CURRENT ASSETS: | ||
|---|---|---|
| Cash and cash equivalents (include restricted cash of $103,528,217 and | ||
| $74,178,062 in 2024 and 2023, respectively) | $ 843,405,358 | $ 139,028,486 |
| Accounts receivable—net | 48,298,149 | 41,744,552 |
| Notes receivable | 718,907 | 588,418 |
| Notes receivable—related party | 433,633 | 434,024 |
| Prepaid expenses and other current assets | 8,938,746 | 14,392,571 |
| Total current assets | 901,794,793 | 1 96,188,051 |
| PROPERTY AND EQUIPMENT—Net | 89,733,519 | 47,474,307 |
| OTHER ASSETS: | ||
| Due from unconsolidated affiliates | 3,448,191 | 4,617,304 |
| Due from unconsolidated affiliates-related party | 10,612,911 | 6,419,449 |
| Notes receivable—net of current portion | 4,395,857 | 3,118,304 |
| Notes receivable—related party—net of current portion | 1,765,166 | 2,123,844 |
| Intangible assets—net | 18,561,025 | 18,044,004 |
Source: Item 23 — RECEIPTS (FDD pages 77–421)
What This Means (2025 FDD)
According to Jersey Mikes' 2025 Franchise Disclosure Document, the total value of intangible assets, net of depreciation, was $18,561,025 in 2024. This figure represents the remaining value of assets like trademarks, software, and other intellectual property after accounting for amortization. In 2023, the net intangible assets were valued at $18,044,004.
Intangible assets are non-physical assets that can provide long-term value to a company. For Jersey Mikes, these assets might include brand recognition, proprietary software, or unique processes. The net value is calculated by subtracting accumulated amortization (the systematic reduction of an intangible asset's value over its useful life) from the original cost of the intangible assets.
For a prospective franchisee, understanding the value and composition of these intangible assets is crucial. It reflects the strength and potential longevity of the Jersey Mikes brand and its systems. A higher net value suggests that the brand's intellectual property is well-maintained and continues to contribute significantly to the company's overall worth. Franchisees benefit from the use of these assets, which can contribute to customer loyalty and operational efficiency.
It is important to note that while the FDD provides the net value of intangible assets, it does not detail the specific types of intangible assets included or their individual values. A prospective franchisee may want to inquire about the nature of these assets and how they contribute to the success of Jersey Mikes' operations.