What were the net write-offs related to the Development Agreement for Precision Door Service in 2023?
Precision_Door_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
| Useful Life | Amount Amortization | Net Amount |
|---|---|---|
| Franchise relationships 15 years | 551,918 | 85,051 466,867 |
Source: Item 23 — Receipts (FDD pages 92–433)
What This Means (2025 FDD)
According to Precision Door Service's 2025 Franchise Disclosure Document, a table provides information on definite-lived intangibles, including franchise relationships. The table lists the franchise relationships as having a total amount of $551,918, amortization of $85,051, and a net amount of $466,867. However, this table does not specify which period these figures represent.
Without a specified period, it's impossible to determine the net write-offs related to the Development Agreement for Precision Door Service in 2023. The table includes other intangible assets like tradenames, national accounts, customer relationships, and developed technology, but it does not break down the amortization or write-offs on a yearly basis.
To get precise information on the net write-offs related to the Development Agreement for Precision Door Service in 2023, a prospective franchisee should ask the franchisor for the specific financial statements detailing these write-offs. This information is crucial for understanding the financial performance and valuation of intangible assets associated with the franchise.