What was the net income for Cicis in 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
2,423,224 | 1,102,712 | | Total liabilities and members' capital | $ 6,806,925 | $ 7,254,259 |
Combined Statements of Income Years Ended December 31, 2024 and 2023
| 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 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the net income for 2024 was $4,210,079. This figure represents the company's profit after deducting all expenses from its total revenues. In comparison, Cicis's net income for the year 2023 was $5,859,705.
The document also provides a breakdown of Cicis's revenues and expenses. Total revenues for 2024 amounted to $42,546,700, which includes marketing fees of $17,505,781, franchise royalties and technology fees of $14,276,030, technology and support fees of $260,000, franchise fees of $72,368, incentive income from vendors of $680,337, and marketing income from vendors of $9,752,184. Total expenses for the same year were $38,502,458, comprising $26,147,519 in marketing general and administrative costs and $12,354,939 in other general and administrative expenses. Additionally, other income, net, contributed $165,837 to the overall net income.
For a prospective franchisee, understanding these financial figures is crucial. It provides insight into the financial health and performance of Cicis. While net income is a key indicator, potential franchisees should also consider the various revenue streams and expense categories to assess the overall stability and profitability of the franchise system. A decline in net income from 2023 to 2024, as seen in this case, warrants further investigation to understand the underlying factors and potential implications for future performance.