What was the total value 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 total value of intangible assets, net, was $495,389 as of December 31, 2023. This figure represents the net value of assets that do not have a physical form but hold economic value for Cinnabon. These intangible assets can include items such as trademarks, franchise agreements, and other intellectual property.
For a prospective Cinnabon franchisee, understanding the value and composition of these intangible assets is crucial. These assets, particularly the brand name and associated trademarks, are key drivers of customer recognition and loyalty, which directly impacts the potential success of a franchise location. The consistent valuation of these assets year-over-year suggests a stable brand value.
It's important to note that while the provided financial statement offers a snapshot of these values, it does not detail the specific types of intangible assets included. Further investigation into the nature of these assets and how they are amortized over time would provide a more comprehensive understanding of their impact on Cinnabon's financial health. A potential franchisee should inquire about the specific components of these intangible assets to fully assess the long-term value and stability of the Cinnabon brand.