Does the Cicis FDD include a combined audit report for Cicis and its affiliate?

According to the 2025 Cicis FDD, a combined audit report is included for Cicis and its affiliate, CiCi Services Company, LLC. This report includes their combined balance sheets as of December 31, 2024, and 2023, along with combined statements of income, changes in members' capital, and cash flows for the years ending on those dates, as well as December 31, 2022. The inclusion of this combined audit report provides prospective franchisees with a more comprehensive view of the financial health of both Cicis and its affiliate.

The affiliate, CiCi Services Company, LLC, is responsible for operating the gift card program for the CiCi's Pizza concept. The combined financial statements consolidate the accounts of On Smile LLC (the franchisor) and CiCi Services Company, LLC, eliminating all intercompany balances and transactions. This combined presentation adheres to accounting principles generally accepted in the United States of America (U.S. GAAP).

The independent auditor's report expresses an opinion on the fairness of the combined financial statements of On Smile LLC and its combined affiliate. The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). Management is responsible for the preparation and fair presentation of the financial statements, while the auditor's responsibility is to express an opinion based on the audit. This provides assurance that the financial information is presented fairly and in accordance with established accounting standards.