Where can I find the combined statement of income for Cicis for the year ended December 31, 2022?
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 statement of income for Cicis and its affiliate, CiCi Services Company, LLC, for the year ended December 31, 2022, is included in Exhibit G. Item 21 states that Exhibit G contains the combined audit report, which includes the combined statements of income for the years ended December 31, 2024, December 31, 2023, and December 31, 2022.
As a prospective franchisee, reviewing these statements is crucial to understanding Cicis's financial performance over the past three years. The combined statements offer insights into the revenues, expenses, and profitability of Cicis and its affiliate. By examining these financial statements, you can assess the financial stability and overall health of the franchise system.
Specifically, the combined statement of income will show revenues generated through franchise operations, marketing fund contributions, and other sources. It will also detail expenses such as marketing costs, administrative expenses, and related-party transactions. Analyzing these figures will help you understand how Cicis manages its finances and generates income. Note that the financial statements are combined with CiCi Services Company, LLC, so it reflects the performance of both entities.
Therefore, it is important to carefully review Exhibit G, including the combined statements of income, to make an informed decision about investing in a Cicis franchise. Pay close attention to trends in revenue, expenses, and profitability, and consider seeking professional financial advice to fully understand the implications of these statements.