What was the total revenue reported by Cicis for the year ending December 31, 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company received $26,342,984 and $23,225,351 in marketing fund contributions in the years ended December 31, 2023 and 2022, respectively, which includes beverage rebates. The Company incurred marketing fund expenditures of $24,935,940 and $25,849,275 in the years ended December 31, 2023 and 2022, respectively.
Consideration from vendors: The Company has entered into beverage supply agreements with certain major vendors. Pursuant to the terms of these arrangements, consideration is provided to the Company for the benefit of the Marketing Fund from t
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, specific details regarding Cicis's total revenue for the year ending December 31, 2023, are not explicitly provided. However, the document does mention marketing fund contributions and incentive income from vendors that are recorded as revenue.
Specifically, the document states that Cicis received $26,342,984 in marketing fund contributions in the year ended December 31, 2023. This figure includes beverage rebates. Additionally, the company recognized approximately $759,000 of revenue in the year ended December 31, 2023, which is recorded as incentive income from vendors. These revenue streams are components of Cicis's overall financial performance.
While the FDD provides figures for marketing fund contributions and incentive income, it does not disclose the total revenue for Cicis for the year ending December 31, 2023. A prospective franchisee should inquire about Cicis's total revenue, including all sources of income, to gain a comprehensive understanding of the company's financial health and performance. Understanding the overall revenue picture is crucial for assessing the potential profitability and sustainability of a Cicis franchise.