What was the revenue recognized over time for Cicis in 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
g the gift card program, including fees on gift cards that are sold through third-party retailers. These fees are recognized as incurred.
Total revenue recognized at a point in time and over time was as follows:
| 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 revenue recognized over time in 2024 was $72,368. In comparison, the revenue recognized at a point in time was significantly higher at $42,474,332 for the same year.
It's important to understand the difference between these two revenue recognition methods. "Revenue recognized at a point in time" typically refers to sales where the goods or services are transferred to the customer immediately, such as in-store purchases. "Revenue recognized over time" relates to income earned from services provided continuously over a period.
For a prospective Cicis franchisee, this distinction is crucial for financial planning and understanding the revenue streams. The majority of Cicis's revenue appears to be recognized at a point in time, suggesting that immediate sales are the primary driver of income. However, the revenue recognized over time, while smaller, still contributes to the overall financial picture and may reflect ongoing service agreements or other long-term revenue sources. Franchisees should inquire about the specific activities that generate revenue over time to fully understand this aspect of the business model.