What was the net value of goodwill for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |||
|---|---|---|---|---|
| Goodwill | $ 23,802 | $ 23,802 | ||
| Accumulated amortization | (9,124) | (6,744) | ||
| Goodwill, net | $ 14,678 | $ 17,058 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the net value of goodwill in 2023 was $17,058. This figure represents the remaining value of the brand's reputation, customer relationships, and other intangible assets after accounting for accumulated amortization.
For a prospective franchisee, goodwill can be an important factor to consider. A higher goodwill value generally indicates a stronger brand presence and customer loyalty, which can contribute to the success of a franchise location. However, it's important to note that goodwill is an intangible asset and its value can fluctuate based on various factors, including market conditions and the overall performance of the Cicis brand.
The FDD also lists the gross goodwill as $23,802 for both 2023 and 2024, with accumulated amortization reducing the net value. Monitoring these figures over time can provide insights into how Cicis is managing its brand and intangible assets. Franchisees should consider these trends as part of their due diligence.
It is important for potential franchisees to understand how Cicis calculates and manages its goodwill, as this can impact the long-term value and sustainability of their investment. Further investigation into the factors contributing to goodwill and its amortization schedule may be beneficial.