What is the reduced initial franchise fee under the Cicis Franchise Agreements executed pursuant to the Reopen Incentive Program?

According to Cicis's 2025 Franchise Disclosure Document, the initial franchise fee can be reduced to $5,000 under the Franchise Agreements executed pursuant to the Reopen Incentive Program. This is a specific incentive offered by Cicis to encourage franchisees to reopen locations, potentially offering a more accessible entry point for those looking to re-establish a Cicis restaurant.

This reduced fee is notably lower than the standard initial franchise fee of $30,000, as detailed in Item 7. The Reopen Incentive Program provides a substantial financial benefit for eligible franchisees, lowering the upfront investment required to begin operations. This incentive may be particularly attractive to existing franchisees or those with prior experience in the restaurant industry, as it reduces the initial financial burden.

It's important for prospective franchisees to fully understand the terms and conditions of the Reopen Incentive Program, as outlined in Exhibit D-4, to ensure they meet the eligibility requirements. Franchisees should also inquire about any additional obligations or performance metrics associated with the reduced franchise fee. Understanding these details is crucial for making an informed decision and maximizing the benefits of the incentive program.