What was the net goodwill for Cicis as of December 31, 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| Goodwill | $ | 23,802 | $ | 23,802 | ||
|---|---|---|---|---|---|---|
| Accumulated amortization | (9,124) | (6,744) | ||||
| Goodwill, net | $ | 14,678 | $ | 17,058 | ||
| Franchise agreements | $ | 140,000 | $ | 140,000 | ||
| Accumulated amortization | (41,281) | (30,512) | ||||
| Franchise agreements, net | $ | 98,719 | $ | 109,488 |
During the years ended December 31, 2024 and 2023, amortization expense associated with goodwill totaled $2,380 for each year, and is presented with other general and
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Cicis does not explicitly state the net goodwill as of December 31, 2024. However, it does provide information regarding the amortization expense associated with goodwill.
According to the FDD, the amortization expense for goodwill was $2,380 for both the years ended December 31, 2024 and 2023. Furthermore, the estimated amortization expense based on the current carrying value of goodwill for the fiscal years 2025 through 2029 is also $2,380 per year. This suggests that the goodwill value is being amortized at a consistent rate.
While the exact net goodwill is not disclosed, the consistent amortization expense may indicate a stable goodwill asset value. A prospective franchisee may want to inquire with Cicis about the specific goodwill value and how it is calculated to better understand the company's financial position.