What was the total revenue recognized at a point in time for Cicis in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
the associated gift cards. In addition, the Company incurs various expenses in operating the gift card program, including fees on gift cards that are sold through third-party retailers. These fees are recognized as incurred.
Total revenue recognized at a
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 revenue recognized at a point in time for 2023 was $41,207,556. The FDD also provides the revenue recognized at a point in time for 2022, which was $36,685,654. This shows an increase in revenue recognized at a point in time from 2022 to 2023.
Understanding the difference between revenue recognized at a point in time and revenue recognized over time is important. Revenue recognized at a point in time typically refers to sales where the product or service is transferred to the customer immediately. In contrast, revenue recognized over time involves services or products delivered over a period. For Cicis, the revenue recognized at a point in time is substantially larger than revenue recognized over time, suggesting that the majority of their revenue comes from immediate sales rather than ongoing services.
For a prospective Cicis franchisee, this information is useful for understanding the revenue streams of the business. The figures provide insight into how Cicis recognizes its revenue, which can be helpful for financial planning and forecasting. It's also worth noting that the FDD includes additional revenue information, such as marketing fees, franchise royalties, and incentive income from vendors, which can further inform a franchisee's understanding of the financial aspects of the business.