What was the cost of goodwill for Petro Stopping Center at January 1, 2024, in millions of dollars?
Petro_Stopping_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
10. Goodwill and impairment review of goodwill
Source: Item 23 — RECEIPTS **RECEIPTS (FDD pages 87–131)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, the provided excerpts do not contain specific figures for the cost of goodwill for Petro Stopping Center either at January 1, 2024, or at any other date. While 'goodwill' is mentioned in the context of 'Goodwill and impairment review of goodwill,' there are no associated values provided in the excerpts. The document includes details on property, plant, and equipment (PP&E), capital commitments, and gains/losses on the sale of businesses and fixed assets, but it omits the specific goodwill figures requested.
For a prospective franchisee, this means that the FDD excerpts do not offer insight into the company's goodwill, which is an intangible asset reflecting the brand's reputation, customer loyalty, and other factors not separately identifiable. Understanding the value of goodwill can be important in assessing the overall financial health and stability of Petro Stopping Center.
To get a clearer picture, a potential franchisee should directly ask Petro Stopping Center for detailed information on the company's goodwill, including its valuation methods and any recent changes. This information would likely be part of a more comprehensive financial review during due diligence.