To participate in the Cicis Development Incentive Program, what document must be signed and its conditions satisfied?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
ntive programs:
- Development Incentive Program: If you enter into a new 5-unit Area Development Agreement and remain in good standing under all agreements with us, the initial franchise fee you pay under each Franchise Agreement you sign pursuant to the Area Development Agreement will be reduced to $10,000, and the development fee will be $50,000. We will then apply the development fee, in $10,000 increments, in full satisfaction of the initial franchise fee due under each Franchise Agreement you sign pursuant to the Area Development Agreement. To participate in this program, you must sign and satisfy the conditions under the Development Incentive Program Addendum attached as Exhibit D-1 to this Disclosure Document when you sign the Area Development Agreement or, as applicable, the Fr
Source: Item 5 — INITIAL FEES (FDD pages 11–14)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, to participate in the Development Incentive Program, a prospective franchisee must sign and satisfy the conditions under the Development Incentive Program Addendum attached as Exhibit D-1. This addendum must be signed when the franchisee signs the Area Development Agreement or, if applicable, the Franchise Agreement.
This program offers a reduction in the initial franchise fee for franchisees who enter into a new 5-unit Area Development Agreement and remain in good standing with Cicis. Under the program, the initial franchise fee is reduced to $10,000, and the development fee is $50,000. Cicis then applies the development fee in $10,000 increments to satisfy the initial franchise fee due under each Franchise Agreement signed pursuant to the Area Development Agreement.
It is important for prospective franchisees to carefully review Exhibit D-1, the Development Incentive Program Addendum, to fully understand all the conditions that must be satisfied to participate in the program. Franchisees should also note that Cicis reserves the right to suspend or terminate the offer to participate in any incentive program at any time.