What was the net income for Cicis franchisees for the year ending December 31, 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| Outlet Type | Year | Outlets at the | Outlets at the | Net |
|---|---|---|---|---|
| Start of the Year | End of the Year | Change | ||
| Franchised Cicis Buffet | 2022 | 278 | 259 | -19 |
| Restaurants | 2023 | 259 | 255 | -4 |
| 2024 | 255 | 245 | -10 | |
| Company Owned Cicis | 2022 | 7 | 14 | +7 |
| Buffet Restaurants | 2023 | 14 | 18 | +4 |
| 2024 | 18 | 19 | +1 | |
| Total Outlets | 2022 | 285 | 273 | -12 |
| 2023 | 273 | 273 | 0 | |
| 2024 | 273 | 264 | -9 |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
Based on the 2025 Cicis Franchise Disclosure Document, information regarding the net income for Cicis franchisees for the year ending December 31, 2023, is not explicitly provided. However, the document includes combined statements of income for the years ending December 31, 2023, and 2022. These statements likely pertain to the overall financial performance of the company rather than individual franchisee net income.
While the FDD does not disclose the net income for franchisees, it does provide data on the status of franchised outlets. For Cicis Buffet Restaurants, the number of franchised outlets decreased from 259 at the start of 2023 to 255 by the end of the year, representing a net change of -4. This information could be relevant in understanding the overall health and performance of the franchise system, but it does not provide direct insight into franchisee profitability.
To obtain specific details about franchisee net income, a prospective franchisee should consider asking the franchisor directly for detailed financial performance representations or contacting existing franchisees to discuss their experiences and financial results. Reviewing the complete financial statements and understanding the factors that influence franchisee profitability is crucial before making a decision.