What is the total value of 'Customer relationships intangibles' after deductions for The Standardx?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
| Total $ 2,619 $ (452) $ 2,167 | | |
11. DEBT
| Management and hotel services agreement and franchise agreement intangibles | $ 906 $ (248) $ 658 | |---|---| | Brand and other indefinite-lived intangibles 608 — 608 | | | Customer relationships intangibles | 620 (243) 377 | | Other intangibles 33 (6) 27 | | | Total $ 2,167 $ (497) $ 1,670 | | (1) Includes an insignificant amount and $1 million of unamortized discounts and deferred financing fees related to current maturities at December 31, 2024 and December 31, 2023, respectively.
Source: Item 10 — OTHER ASSETS (FDD pages 132–156)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, the value of 'Customer relationships intangibles' is detailed within the 'OTHER ASSETS' section. In one instance, the 'Customer relationships intangibles' are valued at $620, with a deduction of ($243), resulting in a final value of $377. In another instance, the 'Customer relationships intangibles' are valued at $410, with a deduction of ($153), resulting in a final value of $257.
These figures represent the net value of customer relationships that The Standardx possesses, taking into account any amortization or impairments. Intangible assets like customer relationships are often crucial for a franchise system, as they reflect the value of established customer loyalty and market presence.
Prospective franchisees should understand how The Standardx values and accounts for these intangibles, as it can impact the overall financial health and valuation of the company. It is important to note that these values can fluctuate based on various factors, including customer retention rates, market conditions, and the overall performance of The Standardx brand.
Franchisees may want to inquire about the specific methods The Standardx uses to determine the value of customer relationships and how these assets are maintained and grown over time. Understanding these details can provide valuable insights into the long-term potential and stability of a The Standardx franchise.