factual

What are prospective Cicis franchisees advised to do with the franchise documents before signing?

Cicis Franchise · 2025 FDD

Answer from 2025 FDD Document

I understand that buying a franchise is not a guarantee of success. Purchasing or establishing any business is risky, and the success or failure of the franchise is subject to many variables such as my skills and abilities (and those of my partners, officers, employees), the time my associates and I devote to the business, competition, interest rates, the economy, inflation, operation costs, location, lease terms, the market place generally and other economic and business factors. I am aware of and am willing to undertake these business risks. I understand that the success or failure of my business will depend primarily upon my efforts and not those of Franchisor. INITIAL: I received a copy of the FDD, including the Franchise Agreement and Area Development Agreement, at least 14 calendar days before I executed the Franchise Agreement and/or the Area Development Agreement, as applicable. I understand that all of my rights and responsibilities and those of Franchisor in connection with the franchise are set forth in these documents and only in these documents. I acknowledge that I have had the opportunity to personally and carefully review these documents and have, in fact, done so. 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 carefully review the franchise documents and seek professional advice before signing. Specifically, the FDD emphasizes the importance of understanding that buying a franchise doesn't guarantee success and involves inherent business risks related to skills, market conditions, and economic factors.

The FDD states that all rights and responsibilities of both the franchisee and Cicis are detailed exclusively within these documents. Franchisees are explicitly advised to have lawyers and accountants review the documents to fully understand them. Additionally, potential franchisees are encouraged to consult with existing Cicis franchisees to gain insights into the risks associated with purchasing the franchise.

This advice underscores the importance of due diligence in the franchise investment process. Cicis wants potential franchisees to be fully informed about the terms of the agreement, the potential risks, and the responsibilities they are undertaking. By recommending professional review and consultation with current franchisees, Cicis aims to ensure that new franchisees make informed decisions and are prepared for the challenges of operating a franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.