What is the initial nonrefundable fee that a Cicis franchisee must pay for Cicis' review of proposed securities offering materials?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
1934, as amended, or any comparable federal, state, or foreign law, rule, or regulation and may be offered by private offering or otherwise only with our prior written consent, which we may withhold or qualify in our sole discretion. No such offering will imply (by use of the Marks or otherwise) that we are participating in an underwriting, issuance, or offering of securities, and our review of any offering m
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, a franchisee must pay a nonrefundable fee for Cicis' review of any proposed securities offering materials. This fee is $3,000, but may be a greater amount if Cicis' reasonable costs and expenses associated with reviewing the offering materials, including legal and accounting fees, exceed that amount.
This fee is intended to cover Cicis' expenses for reviewing the franchisee's proposed securities offering materials to ensure compliance and to protect Cicis' brand and interests. The review is limited to the relationship between the franchisee and Cicis and its affiliates; Cicis is not participating in the securities offering itself.
Prospective franchisees should note that this fee is nonrefundable, regardless of whether the offering proceeds or is successful. Franchisees must also provide Cicis with written notice at least 30 days before commencing any offering covered by this requirement, allowing Cicis ample time for review and preparation.