What was the net value of Cicis' franchise agreements in the earlier of the two reported years?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
- | | Franchise agreements, net | $ 109,488 | $ | 120,257 |
During the years ended December 31, 2023 and 2022, amortization expense associated with goodwill totaled $2,380 for each year, and is presented with other general and administrativ
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 was $10,769 for the years ended December 31, 2023 and 2022. This means that the company recognized $10,769 in expense related to the use of franchise agreements during each of those years.
For a prospective franchisee, this indicates that Cicis values its franchise agreements as assets that are used over time. The consistent amortization expense suggests a stable valuation and usage pattern for these agreements during the period examined.
It is important to note that this figure represents the amortization expense, not the total value of the franchise agreements. Amortization is the process of spreading the cost of an intangible asset over its useful life. To determine the total value of the franchise agreements, a prospective franchisee would need to review Cicis' balance sheets or request additional information from the franchisor.