What was the reported amount of cash and cash equivalents for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
is not exposed to any significant credit risk.
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the combined balance sheets that sum to the total of the same such amounts shown in the combined statements of cash flows.
| | 2023 | 2022 | |-------------------------------
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the company's cash and cash equivalents totaled $2,931,372 in 2023. Additionally, Cicis reported cash and cash equivalents specifically for the marketing fund, restricted, amounting to $771,794 in the same year. The combined total of these two categories was $3,703,166.
These figures provide a snapshot of Cicis's liquid assets available for immediate use. Cash and cash equivalents are crucial for covering short-term obligations, funding daily operations, and pursuing immediate investment opportunities. The marketing fund's cash reserves are specifically earmarked for marketing activities, ensuring that Cicis has resources dedicated to promoting the brand and supporting marketing initiatives.
A prospective franchisee should consider these cash reserve levels in relation to Cicis's overall financial health and stability. Analyzing these figures in conjunction with other financial metrics, such as revenues, expenses, and liabilities, can offer a more comprehensive understanding of Cicis's financial position. It's also important to compare these figures with previous years to identify any trends or significant changes in Cicis's cash management practices.
Understanding the levels of cash and cash equivalents, both generally and within the marketing fund, can help a franchisee assess Cicis's ability to support its franchisees and manage its financial obligations effectively. A healthy cash position often indicates a stable and well-managed franchise system, which can be a positive indicator for potential franchisees.