What information must be included in the monthly business activity report submitted to Cicis?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
You agree, during the Term, to maintain records regarding your activities in connection with the exercise of the Development Rights and to provide us with the following records and reports:
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- within 10 days after the end of each month during the Term, you must send us a report of your business activities during that month, including information about your efforts to find sites for Restaurants in the Development Area and the status of development and projected opening for each Restaurant under development in the Development Area;
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- within 30 days after the end of each calendar quarter, you must provide us with a balance sheet and profit and loss statement for you and your Affiliates covering that quarter and the year-to-date, and an updated balance sheet for each person or entity signing the Guaranty; and
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- such other data, reports, information, financial statements, and supporting records as we request from time to time.
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, as a franchisee with Development Rights, you must submit a monthly report of your business activities to Cicis within 10 days after the close of each month. This report should include details regarding your efforts to secure locations for Cicis restaurants within your designated development area.
The report must also provide updates on the progress of development and the anticipated opening dates for each Cicis restaurant currently under development in your area. This allows Cicis to monitor your progress in fulfilling your development schedule and to assess the overall growth and expansion of the Cicis brand.
In addition to the monthly report, Cicis also requires you to submit quarterly financial statements, including a balance sheet and profit and loss statement, within 30 days after the end of each calendar quarter. These financial reports offer Cicis insight into your financial performance and stability as a franchisee. You must also provide an updated balance sheet for each person or entity signing the Guaranty. Furthermore, you must supply any other data, reports, information, financial statements, and supporting records that Cicis may request periodically.