Does the combined audit report for Cicis include combined statements of income?
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 combined statements of income. The audit report covers Cicis and its affiliate, CiCi Services Company, LLC. The combined financial statements include the combined balance sheets as of December 31, 2024 and 2023, the related combined statements of income, changes in members' capital, and cash flows for the years then ended.
These financial statements offer prospective Cicis franchisees insight into the financial performance of the overall Cicis entity. Reviewing the combined statements of income will allow potential franchisees to assess the revenue, expenses, and profitability trends of Cicis over the three-year period.
It is important for potential franchisees to carefully examine these statements and discuss any concerns or questions with a financial advisor before making a final investment decision. Understanding the financial health of the franchisor is a critical part of the due diligence process.