According to the Cicis FDD, what exhibits are included in the disclosure document?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a disclosure document dated April 25, 2025, that included the following Exhibits:
Exhibit A State Administrators/Agents for Service of Process Exhibit E List of Franchised Restaurants Exhibit B Form Franchise Agreement Exhibit F List of Franchisees Who Left System or Not Communicated Exhibit C Form Area Development Agreement Exhibit G Financial Statements Exhibit D Form Incentive Program Addenda Exhibit H State Addenda and Agreement Riders Exhibit D-1 Development Incentive Program Addendum Exhibit I Renewal Addendum Exhibit Veteran's Incentive Program Addendum Exhibit Manual Table of Contents D-2 J Exhibit Reopen Incentive Program Addendum Exhibit Sample D-3 K General Release Exhibit D-4 Underperforming Restaurant Incentive Program Addendum Exhibit L Receipts
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, the following exhibits are included: Exhibit A, which lists state administrators and agents for service of process; Exhibit B, the form franchise agreement; Exhibit C, the form area development agreement; Exhibit D, the form incentive program addenda; Exhibit D-1, the development incentive program addendum; Exhibit D-2, the Reopen Incentive Program Addendum; Exhibit D-3, the sample General Release; Exhibit D-4, the Underperforming Restaurant Incentive Program Addendum; Exhibit E, a list of franchised restaurants; Exhibit F, a list of franchisees who left the system or did not communicate; Exhibit G, the financial statements; Exhibit H, state addenda and agreement riders; Exhibit I, the renewal addendum; Exhibit J, the Veteran's Incentive Program Addendum; Exhibit K, the Manual Table of Contents; and Exhibit L, receipts.
These exhibits provide crucial information for prospective Cicis franchisees. For example, Exhibit A details who is authorized to receive service of process, which is important for legal matters. Exhibits B and C show the exact terms and conditions of both the franchise agreement and the area development agreement, which dictate the franchisee's rights and obligations.
Incentive programs, as detailed in Exhibits D, D-1, D-2, and D-4, could offer financial benefits or other advantages to franchisees who meet specific criteria, such as development goals or reopening an existing location. Exhibit E and F provide insight into the current franchise network and turnover. The financial statements in Exhibit G are essential for evaluating the financial health and performance of Cicis. State-specific addenda and riders in Exhibit H ensure compliance with local regulations. Finally, the inclusion of a sample general release in Exhibit D-3 and the table of contents for the operations manual in Exhibit K gives potential franchisees an overview of operational and legal aspects of running a Cicis franchise.