What were the total assets for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current assets: | |||
|---|---|---|---|
| Cash and cash equivalents | $ 1,854,735 | $ 2,931,372 | |
| Cash and cash equivalents—marketing fund, restricted | 434,199 | 771,794 | |
| Accounts receivable, net: | |||
| Trade receivables | 290,921 | 325,874 | |
| Marketing fund, restricted | 2,395,119 | 2,537,488 | |
| Related party receivable | 695,717 | 79,530 | |
| Prepaid expenses and other current assets | 859,866 | 228,561 | |
| Total current assets | 6,530,557 | 6,874,619 | |
| Other receivables | 12,638 | 58,761 | |
| Website, net | 150,333 | 194,333 | |
| Intangible assets, net | 98,719 | 109,488 | |
| Goodwill, net | 14,678 | 17,058 | |
| Total noncurrent assets | 276,368 | 379,640 | |
| Total assets | $ 6,806,925 | $ 7,254,259 |
Source: Item 23 — RECEIPTS (FDD pages 65–263)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, the total assets for the company in 2023 were $7,254,259. This figure represents the sum of all current and noncurrent assets held by Cicis at the end of that fiscal year. These assets encompass various items, including cash and cash equivalents, accounts receivable, prepaid expenses, and other tangible and intangible assets.
Understanding a company's total assets is crucial for prospective franchisees as it provides insight into the financial health and stability of the franchisor. A higher asset value generally indicates a stronger financial position, which can translate to better support and resources for franchisees. However, it is essential to consider the composition of these assets, as some may be more liquid or readily convertible to cash than others.
For a potential Cicis franchisee, this information is valuable in assessing the overall risk and potential rewards of investing in the franchise. While total assets are just one piece of the financial puzzle, they offer a snapshot of the company's financial strength at a specific point in time. It would be prudent for a prospective franchisee to compare this figure with those of previous years and with industry benchmarks to gain a more comprehensive understanding of Cicis' financial performance and stability.
In addition to reviewing the total asset figure, prospective franchisees should also carefully examine the liabilities and equity sections of Cicis' balance sheet to get a complete picture of the company's financial structure. Analyzing these components in conjunction with the asset data can provide a more nuanced understanding of the franchisor's financial health and its ability to support its franchisees.