What was the net value of intangible assets for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |||
|---|---|---|---|---|
| Franchise agreements | $ 140,000 | $ 140,000 | ||
| Accumulated amortization | (41,281) | (30,512) | ||
| Franchise agreements, net | $ 98,719 | $ 109,488 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, the net value of intangible assets in 2023 was $109,488. Intangible assets, net, refers to the value of assets that do not have a physical form, such as franchise agreements, after accounting for accumulated amortization.
For a prospective franchisee, this figure represents part of the overall financial picture of Cicis. Intangible assets like franchise agreements are crucial for Cicis' operations, and their net value reflects their worth after accounting for depreciation over time. A higher net value of intangible assets could indicate a stronger brand and more valuable franchise agreements.
It is important to note that this is just one aspect of Cicis' financial health. A prospective franchisee should consider this figure in conjunction with other financial data, such as revenues, expenses, and liabilities, to get a comprehensive understanding of the franchise's financial stability and potential for growth. Reviewing the balance sheets and related financial statements within the FDD is essential for making an informed investment decision.