What was the total amount of cash and cash equivalents held by Cicis as of December 31, 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, as of December 31, 2024, Cicis held $1,854,735 in cash and cash equivalents, and an additional $434,199 in cash and cash equivalents restricted for the marketing fund. This totals $2,288,934 in cash and cash equivalents.
For a prospective franchisee, understanding the cash position of the franchisor is crucial. A healthy cash balance suggests financial stability and the ability to support franchisees. The restricted cash indicates funds specifically earmarked for marketing activities, which benefits the entire franchise system.
It's also worth noting the change in cash position from the previous year. In 2023, Cicis had $2,931,372 in cash and cash equivalents and $771,794 in restricted cash for the marketing fund, totaling $3,703,166. The decrease in unrestricted and restricted cash from 2023 to 2024 could be due to various factors, such as investments in the business, increased operating expenses, or distributions to members. A potential franchisee may want to inquire about the reasons for this change to fully assess the financial health and strategy of Cicis.