factual

Where can I find the combined balance sheet for Cicis as of December 31, 2023?

Cicis Franchise · 2025 FDD

Answer 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 balance sheet as of December 31, 2023, for Cicis and its affiliate, CiCi Services Company, LLC, can be found in Exhibit G. This exhibit includes the combined audit report, which contains the balance sheets for both December 31, 2024, and December 31, 2023. The audit report also provides 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.

As a prospective franchisee, reviewing these financial statements is crucial for understanding Cicis's financial health and performance. The combined balance sheet provides a snapshot of the company's assets, liabilities, and equity at a specific point in time, offering insights into its financial stability. Examining the trends in the statements of income and cash flows over the three-year period can reveal patterns in revenue, expenses, and cash management, which are vital for assessing the franchise's potential profitability and sustainability.

Exhibit G also includes a Guaranty of Performance issued by CiCi Services, which could be relevant to understanding the financial commitments and security provided by the affiliate company. Franchisees should carefully analyze these financial statements and related documents to make informed decisions about investing in a Cicis franchise. Consulting with a financial advisor or accountant is advisable to fully understand the implications of the financial data presented in the FDD.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.