What is a prospective Cicis franchisee acknowledging regarding their decision to purchase the franchise?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| My decision to purchase the franchise has not been influenced by any oral representations, assurances, warranties, guarantees or promises whatsoever made by the Franchisor or any of its officers, employees or agents (including any franchise broker), including as to the likelihood of success of the franchise. | INITIAL: |
|---|---|
| I have made my own independent determination as to whether I have the capital necessary | INITIAL: |
| to fund the business and my living expenses, particularly during the start-up phase. | |
| PLEASE READ THE FOLLOWING QUESTION CAREFULLY. THEN SELECT YES | INITIAL: |
| OR NO AND PLACE YOUR INITIALS WHERE INDICATED. | |
| Have you received any information from the Franchisor or any of its officers, | |
| employees or agents (including any franchise broker) concerning actual, average, projected | |
| or forecasted sales, revenues, income, profits or earnings of the franchise business (including | |
| any statement, promise or assurance concerning the likelihood of | |
| success)? | |
| | |
| Yes | |
| | |
| No | |
| (Initial Here:) | |
| If you selected "Yes," please describe the information you received on the lines below: | |
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, a prospective franchisee acknowledges several key understandings and representations before purchasing a franchise. Specifically, they confirm that their decision to invest in a Cicis franchise is not based on any verbal promises or assurances from Cicis or its representatives, including franchise brokers, regarding the potential success of the franchise. This includes any representations about sales, revenues, income, profits, or earnings.
Furthermore, the franchisee acknowledges that they have independently assessed their financial capacity to fund the business and cover their living expenses, especially during the initial start-up phase. This demonstrates that the franchisee is taking full responsibility for their financial preparedness and is not relying on any guarantees or projections from Cicis. The franchisee is expected to conduct their own due diligence to determine if they have sufficient capital.
This acknowledgement is documented through an initialed statement, where the franchisee confirms they were not influenced by any oral representations regarding the likelihood of success. Additionally, the franchisee must indicate whether they received any information concerning actual, average, projected, or forecasted financial performance. If such information was received, they are required to describe it in detail. This process ensures transparency and helps protect both the franchisee and Cicis by clarifying the basis of the franchisee's investment decision and preventing misunderstandings or disputes later on.