What was the total amount of Cicis' marketing fund liabilities, restricted, in 2022?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2023 | 2022 | |
|---|---|---|
| Liabilities and Members' Capital | ||
| Current liabilities: | ||
| Accounts payable | $ 413,045 | $ 107,404 |
| Accounts payable—marketing fund, restricted | 206,861 | 23,972 |
| Current portion of deferred franchise fees | 73,092 | 42,792 |
| Accrued expenses and other current liabilities | 1,377,451 | 2,131,831 |
| Related party payable | 596,796 | 169,529 |
| Marketing fund liabilities, restricted | 1,937,309 | 530,265 |
| Total current liabilities | 4,604,554 | 3,005,793 |
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 marketing fund liabilities, restricted, for the year 2022 was $530,265. This figure represents the liabilities specifically associated with the marketing fund that are restricted in their use.
For a prospective Cicis franchisee, understanding the marketing fund liabilities is crucial. These liabilities indicate the financial obligations Cicis has related to its marketing activities. The fact that these liabilities are 'restricted' means they are tied to the marketing fund and must be used for specific marketing purposes, as outlined in the franchise agreement.
This information is important for franchisees as it provides insight into how Cicis manages its marketing funds and ensures that contributions are used appropriately. Reviewing these figures over time, as presented in the table, can help potential franchisees assess the financial stability and management practices of the Cicis franchise system in relation to its marketing efforts.