What was the total revenue from franchise royalties and technology fees for Cicis in 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
2,423,224 | 1,102,712 | | Total liabilities and members' capital | $ 6,806,925 | $ 7,254,259 |
Combined Statements of Income Years Ended December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Revenue: | ||
| Marketing fees | $ 17,505,781 | $ 17,219,322 |
| Franchise royalties and technology fees | 14,276,030 | 14,105,892 |
| Technology and support fees | 260,000 | 93,700 |
| Franchise fees | 72,368 | 57,395 |
| Incentive income from vendors | 680,337 | 758,680 |
| Marketing income from vendors | 9,752,184 | 9,123,662 |
| Total revenues | 42,546,700 | 41,358,651 |
| Expenses: | ||
| Marketing general and administrative costs | 26,147,519 | 25,000,069 |
| Other general and |
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 revenue from franchise royalties and technology fees for the company in 2024 was $14,276,030. This figure represents the income Cicis received from its franchisees related to the use of its brand, systems, and ongoing technological support. This revenue stream is a key indicator of the financial health and stability of the franchise system.
For a prospective Cicis franchisee, understanding the royalty and technology fee structure is crucial. These fees are typically a percentage of the franchisee's gross sales and are paid to Cicis on a regular basis. The $14,276,030 in revenue indicates that the franchise system as a whole is generating significant sales, which in turn supports Cicis's ability to provide ongoing support, training, and marketing to its franchisees. A higher royalty and technology fee revenue generally suggests a more established and profitable franchise system.
It's important to note that while this figure represents the total revenue from these fees, it does not indicate the specific royalty and technology fee rates that individual franchisees are required to pay. These rates are typically outlined in the franchise agreement and may vary depending on factors such as the location, size, and performance of the franchise. Prospective franchisees should carefully review the franchise agreement to understand the specific royalty and technology fee obligations.
In addition to royalties and technology fees, Cicis also generates revenue from other sources, such as marketing fees, franchise fees, and vendor incentives. These additional revenue streams contribute to the overall financial stability of the company and its ability to support its franchisees. Understanding the various revenue streams of Cicis can provide prospective franchisees with a more comprehensive view of the financial health and stability of the franchise system.