What exhibit number contains the combined audit report for Cicis?
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 64)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, the combined audit report for Cicis and its affiliate, CiCi Services Company, LLC, is attached as Exhibit G. This report includes 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, as well as December 31, 2022.
Prospective franchisees should carefully review Exhibit G, as it provides an overview of Cicis' financial health over the past three years. Understanding the franchisor's financial stability is crucial for assessing the risks and potential rewards of investing in a Cicis franchise.
In addition to the audit report, Exhibit G also contains the Guaranty of Performance issued by CiCi Services. This guarantee could offer additional security to franchisees, as it represents a commitment from an affiliated entity to support Cicis' obligations. Franchisees should analyze the terms of the Guaranty of Performance to fully understand its scope and limitations.