What was the total amount of Cinnabon's intangible assets, net, as of December 31, 2023?
Cinnabon Franchise · 2025 FDDAnswer from 2025 FDD Document
licies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the consolidated financial statements.
- Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Atlanta, Georgia March 7, 2025
Consolidated balance sheets
| December 29, | December 31, | |
|---|---|---|
| 2024 | 2023 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 11,594 | $ 22,662 |
| Restricted cash and cash equivalents - |
Source: Item 23 — Receipts (FDD pages 114–399)
What This Means (2025 FDD)
According to Cinnabon's 2025 Franchise Disclosure Document, the company's total intangible assets, net, amounted to $495,389 as of December 31, 2023. This figure represents the value of assets that are not physical, such as trademarks, franchise agreements, and other intellectual property that Cinnabon owns. These assets are crucial for Cinnabon's brand recognition and its ability to operate and franchise its business.
For a prospective franchisee, understanding the value and nature of these intangible assets is important. These assets contribute significantly to the brand's market presence and competitive advantage. The consistent valuation of these assets year over year suggests a stable brand value.
It's worth noting that intangible assets are subject to amortization, which is the process of expensing the cost of these assets over their useful life. Reviewing the amortization expense related to these intangible assets can provide further insight into their ongoing value and impact on Cinnabon's financial performance. Franchisees benefit from the brand recognition and operational systems these assets represent.