When will Cicis make the most recent statement of the Marketing Fund available to franchisees?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
We will prepare an unaudited annual statement of the operations of the Fund and make the most recent statement available to you, on your written request, within 120 days after our fiscal year end.
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, Cicis will prepare an unaudited annual statement of the operations of the Marketing Fund. This statement will be made available to franchisees upon their written request. The statement will be provided within 120 days after the end of Cicis's fiscal year.
This means that a Cicis franchisee can request to see how the Marketing Fund is being managed and how the contributions are being spent. The franchisee must make this request in writing. Cicis is obligated to provide the most recent annual statement within 120 days of the request, giving franchisees some insight into the financial activities of the fund.
It is important to note that the statement is unaudited, meaning it has not been verified by an independent accounting firm. While this provides some transparency, franchisees should be aware that the figures presented have not undergone external scrutiny. Franchisees should consider this when reviewing the statement and may want to ask Cicis for further clarification on any items of concern.