What are prospective Cicis franchisees advised to consult with other than professionals?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
I have been advised to have professionals (such as lawyers and accountants) review the documents for me and to have them help me understand these documents. I have also been advised to consult with other franchisees regarding the risks associated with the purchase of the franchise.
Source: Item 22 — CONTRACTS (FDD pages 64–65)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, prospective franchisees are advised to consult with existing Cicis franchisees regarding the risks associated with purchasing a franchise. This recommendation is in addition to seeking advice from professionals such as lawyers and accountants.
Consulting with current franchisees can provide valuable insights into the day-to-day realities of operating a Cicis franchise. These insights may include information about the challenges and opportunities that a new franchisee might face, which may not be readily available from the franchisor. Speaking with other franchisees can offer a more rounded perspective on the franchise system.
It is a common practice in the franchise industry for franchisors to encourage prospective franchisees to speak with existing franchisees. This allows potential investors to gain a deeper understanding of the franchise system from the perspective of those who are actively involved in the business. This practice promotes transparency and helps prospective franchisees make informed decisions.