What was the revenue recognized at a point in time for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
the associated gift cards. In addition, the Company incurs various expenses in operating 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
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 at a point in time in 2023 was $41,207,556. This indicates the amount of revenue Cicis recognized immediately upon a transaction or event during that year.
For a prospective franchisee, this figure provides insight into how Cicis recognizes its revenue. Understanding the distinction between revenue recognized at a point in time versus over time is crucial for assessing the company's financial performance. Revenue recognized at a point in time typically includes sales from the buffet and to-go orders, where revenue is recognized when the customer purchases the food.
It's important to note that this figure is distinct from revenue recognized over time, which for 2023 was $57,395. The total revenue for Cicis in 2023, combining both types of recognition, was $41,264,951. Reviewing these different revenue streams can help a potential franchisee understand the various factors contributing to Cicis's overall financial health and stability.