What was the total value of Cicis' intangible assets, net, in 2022?

According to Cicis's 2025 Franchise Disclosure Document, the total value of intangible assets, net, was $120,257 in 2022. For a prospective franchisee, intangible assets can include items like trademarks, patents, and franchise agreements. These assets are recorded on the balance sheet and are subject to amortization, which is the process of expensing the cost of an intangible asset over its useful life.

The FDD also mentions that Cicis periodically evaluates the carrying value of long-lived assets, including intangible assets, and will recognize an impairment loss if the anticipated undiscounted cash flow from the asset is less than its carrying value. This means that the value of these assets can fluctuate and may be subject to write-downs if their value decreases.

Understanding the nature and value of Cicis' intangible assets can be important for a franchisee as these assets contribute to the brand's overall value and competitive advantage. Additionally, the FDD notes that the company entered into a trademark and other intellectual property license agreement with Yes Caps, LLC, which grants Cicis an exclusive, royalty-free license to use the trademarks and other intellectual property related to the CiCi's Pizza concept. This license is a key intangible asset that enables franchisees to operate under the Cicis brand.