What affiliate of Cicis is included in the combined audit report?

According to Cicis's 2025 Franchise Disclosure Document, the combined audit report includes Cicis and its affiliate, CiCi Services Company, LLC. The audit report features the combined balance sheets as of December 31, 2024, and 2023, along with the combined statements of income, changes in members' capital, and cash flows for the years ending on those dates. The financial statements offer a comprehensive view of both entities' financial positions and operational performance.

CiCi Services Company, LLC, specifically operates the gift card program for the CiCi's Pizza concept. This means that the financial activities related to the gift card program are integrated into the combined financial statements. This provides a more holistic understanding of Cicis's financial health, as it includes revenue and expenses associated with the gift card program alongside the core franchising operations.

For a prospective franchisee, this combined reporting is beneficial because it offers a broader perspective on the financial interactions within the Cicis system. Understanding how the gift card program contributes to the overall financial picture can be valuable in assessing the stability and potential profitability of a Cicis franchise. Additionally, the FDD also includes a Guaranty of Performance issued by CiCi Services, indicating a financial commitment from the affiliate.