What was the net value of Cicis' franchise agreements as of December 31, 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
1, 2024 and 2023, amortization expense associated with goodwill totaled $2,380 for each year, and is presented with other general and administrative expenses on the combined statements of income.
During the years ended December 31, 2024 and 2023, amortization expense associated with franchise agreements totaled $10,769 for each year, and is presented with other general and administrative expenses on the combined statements of
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, the amortization expense associated with franchise agreements totaled $10,769 for the year ended December 31, 2024. This expense is included within other general and administrative expenses on the combined statements of income.
This figure represents the expense recognized during the year, not the total net value of all franchise agreements. The FDD states that the estimated amortization expense, based on the current carrying value of franchise agreements, is projected to be $10,769 for each of the fiscal years 2025 through 2029.
For a prospective Cicis franchisee, this information indicates the consistent expense Cicis recognizes related to its franchise agreements. It does not, however, provide the overall asset value of these agreements. Franchisees may want to inquire about the total value of these agreements to understand Cicis' overall financial structure and how these assets contribute to the company's financial health.