What was the total amount of cash and cash equivalents held by 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, in 2023, Cicis had $2,931,372 in cash and cash equivalents, and $771,794 in cash and cash equivalents restricted to the marketing fund. This totals $3,703,166 in cash and cash equivalents.
Cash and cash equivalents are highly liquid assets that a company can quickly convert into cash. These figures reflect the financial resources readily available to Cicis for operational expenses, investments, and other business activities. The marketing fund portion is specifically earmarked for marketing-related activities and cannot be used for general purposes.
A prospective franchisee should consider these figures in the context of Cicis's overall financial health and stability. Reviewing trends in cash and cash equivalents over multiple years, as presented in the FDD, can provide insights into the company's ability to manage its finances and support its franchisees. It is also important to understand how Cicis manages and utilizes its marketing funds, as this can directly impact franchisees' marketing efforts and overall business performance.