Does the Cicis franchise agreement require a franchisee to indicate whether they have received any information regarding sales, revenues, income, profits, or earnings?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| My decision to purchase the franchise has not been influenced by any oral representations, assurances, warranties, guarantees or promises whatsoever made by the Franchisor or any of its officers, employees or agents (including any franchise broker), including as to the likelihood of success of the franchise. | INITIAL: |
|---|---|
| I have made my own independent determination as to whether I have the capital necessary | INITIAL: |
| to fund the business and my living expenses, particularly during the start-up phase. | |
| PLEASE READ THE FOLLOWING QUESTION CAREFULLY. THEN SELECT YES | INITIAL: |
| OR NO AND PLACE YOUR INITIALS WHERE INDICATED. | |
| Have you received any information from the Franchisor or any of its officers, | |
| employees or agents (including any franchise broker) concerning actual, average, projected | |
| or forecasted sales, revenues, income, profits or earnings of the franchise business (including | |
| any statement, promise or assurance concerning the likelihood of | |
| success)? | |
| | |
| Yes | |
| | |
| No | |
| (Initial Here:) | |
| If you selected "Yes," please describe the information you received on the lines below: | |
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, the franchise agreement includes a clause where the franchisee must acknowledge whether they have received any information regarding potential financial performance. Specifically, the franchisee must indicate if they received any details about actual, average, projected, or forecasted sales, revenues, income, profits, or earnings related to the Cicis franchise. This includes any statements, promises, or assurances about the likelihood of success.
As part of this acknowledgement, the franchisee must select either "Yes" or "No" and initial their choice. If the franchisee indicates that they did receive such information by selecting "Yes," they are then prompted to describe the information they received in the provided space. This process ensures that the franchisee is aware of any financial representations made and has the opportunity to document them.
This requirement is a standard practice in franchising, intended to protect both the franchisor and franchisee. By documenting any financial claims, it helps prevent misunderstandings or disputes later on. It also ensures that the franchisee is making an informed decision based on their own due diligence and not solely relying on potentially misleading projections. Prospective Cicis franchisees should carefully consider this section and accurately report any financial information they have received during the franchise sales process.