What was the beginning of year cash, cash equivalents, and restricted cash for Cicis?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | ||
|---|---|---|---|
| Net (decrease) increase in cash, cash equivalents | |||
| and restricted cash | (1,836,908) | 271,290 | |
| Cash, cash equivalents and restricted cash: | |||
| Beginning of year | 5,540,074 | 5,268,784 | |
| End of year | $ 3,703,166 | $ 5,540,074 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the beginning of year cash, cash equivalents, and restricted cash was $5,540,074 in 2023 and $5,268,784 in 2022. This figure represents the total amount of liquid assets Cicis had at the start of each respective year, including cash on hand, money in the bank, and any funds specifically designated for a particular purpose.
For a prospective franchisee, this information provides insight into Cicis's financial health and liquidity. A higher number suggests that Cicis has a strong cash position, which can be beneficial for supporting its franchisees and investing in growth initiatives. Conversely, a lower number might raise concerns about Cicis's ability to meet its financial obligations or provide adequate support to its franchise system.
It's important to note that this figure only represents Cicis's cash position at the beginning of the year and does not reflect its financial performance throughout the year. To gain a more comprehensive understanding of Cicis's financial health, prospective franchisees should review its complete financial statements, including its income statement, balance sheet, and cash flow statement. Additionally, they should consult with a financial advisor to assess the implications of Cicis's financial performance for their investment decision.