What was the total net value of other intangibles for My Salon Suite as of December 31, 2024?
My_Salon_Suite Franchise · 2025 FDDAnswer from 2025 FDD Document
identified during the audit.
Dallas, Texas April 26, 2024
Consolidated Balance Sheets
| As of December 31, | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 8,047,052 | $ 11,866,419 |
| Accounts receivable - net | 5,374,191 | 5,062,196 |
| Current portion of notes receivable - net | 66,427 | 91,504 |
| Amounts due from affiliates | 486,028 | - |
| Prepaid expenses | 1,956,054 | 2,561,724 |
| Other current assets | 736,544 | 640,893 |
| T | 44.444.204 | 20 222 727 |
| Total current assets | 16,666,296 | 20,222,736 |
| Fixed assets - net | 12,961,306 | 9,996,833 |
| Right of use assets - net | 60,777,646 | 44,760,873 |
| Other intangibles - net | 81,990,839 | 83,841,171 |
| Goodwill - net | 300,287,335 | 296,897,247 |
| Notes receivable, less current portion - net | 90,091 | 111,093 |
| Other |
Source: Item 6 — Other Intangibles and Goodwill (FDD pages 274–314)
What This Means (2025 FDD)
According to My Salon Suite's 2025 Franchise Disclosure Document, the net value of other intangibles as of December 31, 2023, was $81,990,839, and as of December 31, 2022, it was $83,841,171.
It is important to note that the provided FDD excerpt does not include the net value of other intangibles as of December 31, 2024. This information would be useful for a prospective franchisee to understand the trend and current valuation of these assets.
A prospective franchisee should inquire with My Salon Suite about the net value of other intangibles as of December 31, 2024, to gain a more complete financial picture. Understanding the composition and valuation of these intangible assets can help in assessing the overall financial health and stability of the franchise system.