How much did Cicis collect in technology and support fees in 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |||
|---|---|---|---|---|
| Revenue: | ||||
| Marketing fees | $ 17,505,781 | $ 17,219,322 | ||
| Franchise royalties and technology fees | 14,276,030 | 14,105,892 | ||
| Technology and support fees | 260,000 | 93,700 | ||
| Franchise fees | 72,368 | 57,395 | ||
| Incentive income from vendors | 680,337 | 758,680 | ||
| Marketing income from vendors | 9,752,184 | 9,123,662 | ||
| Total revenues | 42,546,700 | 41,358,651 | ||
| Expenses: | ||||
| Marketing general and administrative costs | 26,147,519 | 25,000,069 | ||
| Other general and administrative | 12,354,939 | 10,509,727 | ||
| Total expenses | 38,502,458 | 35,509,796 | ||
| Other income, net | 165,837 | 10,850 | ||
| Net income | $ 4,210,079 | $ 5,859,705 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the franchise collected $260,000 in technology and support fees during the 2024 fiscal year. This figure represents revenue generated specifically from technology and support services provided to franchisees.
For a prospective franchisee, this indicates the scale of technology and support infrastructure Cicis provides and the associated revenue stream. It's important to note that this is separate from franchise royalties and other fees, highlighting a specific charge for these services.
In 2023, Cicis collected $93,700 in technology and support fees. The increase from 2023 to 2024 suggests a growing emphasis on technology and support within the Cicis franchise system, potentially due to increased service offerings, a larger franchisee base, or changes in fee structures. This trend could signal ongoing investment in these areas, which could benefit franchisees through improved systems and support.