What was the total deferred initial beverage fund—current portion for Cicis in 2024?
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 deferred initial beverage fund—current portion was $539,683 in 2024. This figure represents the current portion of revenue that Cicis has deferred related to initial beverage fund contributions. These funds are typically collected upfront but recognized as revenue over a period of time as the related obligations are fulfilled.
For a prospective Cicis franchisee, this deferred revenue indicates that Cicis receives payments related to beverage programs in advance. The current portion signifies the amount expected to be recognized as revenue within the next year. Monitoring these deferred revenue accounts can provide insights into the financial management and revenue recognition practices of Cicis.
It's important to note that deferred revenue is a common accounting practice, especially in franchise systems where initial fees or contributions cover ongoing services or obligations. Franchisees should inquire about the specific terms and conditions related to the beverage fund and how these funds are utilized to support the Cicis system.