What was the total amount of cash and cash equivalents, including restricted cash for the marketing fund, reported for Cicis at the end of 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
ong other matters, the planned scope and timing of the audit, significant audit findings and certain internal control-related matters that we identified during the audit.
Dallas, Texas April 19, 2024
Combined Balance Sheets December 31, 2023 and 2022
| | 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, at the end of 2023, Cicis reported $2,931,372 in cash and cash equivalents and $771,794 in restricted cash and cash equivalents for the marketing fund. This means that Cicis had $2,931,372 readily available for general business operations. Additionally, $771,794 was specifically reserved for the marketing fund, to be used for advertising, public relations, and other activities to promote the Cicis brand.
The fact that Cicis maintains a separate, restricted cash balance for its marketing fund is typical in franchising. This arrangement provides transparency and ensures that franchisee contributions are used as intended. The restricted nature of these funds means they cannot be used for other operational expenses of Cicis.
For a prospective Cicis franchisee, these figures offer a glimpse into the financial health and management of the company. The cash and cash equivalents figure indicates the company's liquidity, while the marketing fund balance shows the resources dedicated to brand promotion. Reviewing these figures over time, as presented in the table, can reveal trends in Cicis's financial management and marketing efforts.