What was the reported amount of cash and cash equivalents for Cicis in 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
tion 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.
| 2024 | 2023 |
|---|
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 $1,854,735 in 2024. Additionally, the cash and cash equivalents held within the marketing fund, which are restricted, amounted to $434,199. Combining these two figures, the total cash and cash equivalents for Cicis in 2024 was $2,288,934.
It's important to note that the marketing fund's cash is designated for specific marketing activities and isn't freely available for general operational use. This distinction provides insight into how Cicis manages its finances, separating general cash reserves from funds earmarked for marketing initiatives.
Comparing the 2024 figures to those of 2023, Cicis experienced a decrease in both general cash and cash equivalents and in the marketing fund. In 2023, cash and cash equivalents were $2,931,372, and the marketing fund held $771,794 in cash and cash equivalents. This represents a decrease of over one million dollars in total cash and cash equivalents from 2023 to 2024. Prospective franchisees should consider these trends and inquire about the factors contributing to these changes.