What was the ending cash, cash equivalents, and restricted cash for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
is not exposed to any significant credit risk.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the combined balance sheets that sum to the total of the same such amounts shown in the combined statements of cash flows.
| | 2023 | 2022 | |-------------------------------
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the ending cash, cash equivalents, and restricted cash for 2023 was $3,703,166. This figure represents the total amount of readily available funds Cicis had at the end of the year, including standard cash accounts and any cash earmarked for specific purposes, such as marketing.
Specifically, this total is comprised of two components: cash and cash equivalents amounting to $2,931,372, and cash and cash equivalents designated for the marketing fund, which are restricted, totaling $771,794. The restricted nature of the marketing fund means these funds are to be used solely for marketing activities and are not available for general operational expenses.
For a prospective Cicis franchisee, understanding the franchisor's cash position is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. However, it's also important to consider how Cicis manages its restricted funds, as these directly impact marketing support available to franchisees. Franchisees should inquire about the specific uses and allocation of the marketing fund to ensure it aligns with their business needs and expectations.