Does the combined audit report for Cicis include a combined balance sheet?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit G are (i) the combined audit report for us and our affiliate, CiCi Services Company, LLC, which includes our and CiCi Services Company, LLC's combined balance sheet as of December 31, 2024 and 2023, and the related combined statements of income, changes in members' capital and cash flows for the years then ended on December 31, 2024 December 31, 2023, December 31, 2022, and (ii) the Guaranty of Performance issued by our affiliate, CiCi Services. Our and CiCi Services' fiscal year ends on December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the combined audit report does include a combined balance sheet. Specifically, the audit report covers Cicis and its affiliate, CiCi Services Company, LLC. The combined balance sheets for both entities are provided as of December 31, 2024, and December 31, 2023.
In addition to the combined balance sheets, the audit report also includes combined statements of income, changes in members' capital, and cash flows for the years ending on December 31, 2024, December 31, 2023, and December 31, 2022. This comprehensive financial reporting provides a detailed overview of Cicis's financial performance over the stated period.
Prospective franchisees should carefully review these financial statements and consult with a financial advisor to understand Cicis's financial health and stability. Understanding the balance sheet, income statement, and cash flow statements will help potential franchisees assess the financial risks and opportunities associated with investing in a Cicis franchise.