What was the total amount of general accrued expenses for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
ately $1,100 and $4,100 for 2024 and 2023, respectively.
Notes to Combined Financial Statements
Note 4. Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consist of the following:
| 2024 | 2023 | |||
|---|---|---|---|---|
| Deferred initial beverage fund—current portion | $ |
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 total amount of general accrued expenses for the company in 2023 was $206,915. This figure provides a snapshot of Cicis's short-term financial obligations, specifically those expenses that have been incurred but not yet paid during that fiscal year.
For a prospective franchisee, understanding accrued expenses is crucial as it reflects the company's financial management and potential liabilities. Lower accrued expenses might indicate efficient expense management, while higher figures could signal pending payments or financial obligations that could impact the company's cash flow.
It is important to note that this figure represents only general accrued expenses and does not encompass other liabilities such as deferred revenue or accrued payroll. A comprehensive financial analysis would require examining all liabilities and expenses to gain a complete understanding of Cicis's financial health.