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Shop Acquisitions (Tables)

12 Months Ended

Dec. 31, 2023

Business Combination and Asset Acquisition [Abstract]

Schedule of Allocations of Purchase Prices

The following table summarizes the allocations of the purchase prices to the estimated fair values of assets acquired and liabilities assumed. The fair values for the 2022 acquisitions were considered final as of December 31, 2022.

(in thousands)												December 31, 2022
Acquisition consideration:
Purchase price consideration												$	6,051
Equipment and fixtures												197
Building and leasehold improvements												1,470
Inventories												67
Other assets												6
Operating lease right-of-use assets												2,327
Reacquired franchise rights												1,735
Other liabilities												(88)
Gift card liability												(250)
Operating lease obligations												(2,327)
Net assets acquired												3,137
Goodwill												$	2,914

Schedule of Unaudited Pro Forma Results

The following table reflects the unaudited pro forma results of the Company and the five shops purchased in 2022 as if the acquisitions had taken place as of January 1, 2021:

(in thousands; unaudited)												Year Ended December 31, 2022
Revenue												$	740,964
Net loss												$	(18,875)

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
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-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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-SubTopic 10
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-Publisher FASB
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- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-3

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