What was the total revenue recognized at a point in time for Cicis in 2024?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
g 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 point in time and over time was as follows:
| 2024 | 2023 |
|---|
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 in 2024 was $42,474,332. This contrasts with $41,301,256 in 2023. This revenue is distinct from "revenue recognized over time," which was $72,368 in 2024 and $57,395 in 2023. The FDD provides a breakdown of various revenue streams, including marketing fees, franchise royalties and technology fees, technology and support fees, franchise fees, incentive income from vendors, and marketing income from vendors. These different revenue streams add up to a total revenue of $42,546,700 in 2024.
For a prospective franchisee, understanding the distinction between revenue recognized at a point in time versus over time is crucial for financial planning. Revenue recognized at a point in time typically refers to sales that are completed immediately, such as a customer purchasing a meal at the restaurant. Revenue recognized over time may relate to franchise fees paid over the term of the agreement. Knowing the sources of revenue and how they are recognized helps in forecasting income and managing cash flow.
The FDD also details various expenses, including marketing general and administrative costs and other general and administrative expenses. In 2024, these totaled $38,502,458. After accounting for other income, net, Cicis reported a net income of $4,210,079 for 2024. Reviewing these figures allows potential franchisees to assess the overall financial health of Cicis and understand the factors that contribute to profitability.
It is important for potential franchisees to carefully examine all components of revenue and expenses to gain a comprehensive understanding of the financial performance of Cicis. Consulting with a financial advisor to interpret these figures and assess the potential return on investment is advisable.