What was the total value of Cicis' total assets in 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
and certain internal control-related matters that we identified during the audit.
Dallas, Texas April 25, 2025
Combined Balance Sheets December 31, 2024 and 2023
| 2024 | 2023 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,854,735 | $ 2,931,372 |
| Cash and cash equivalents—marketing fund, restricted | 434,199 | 771,794 |
| Accounts receivable, net: | ||
| Trade receivables | 290,921 | 325,874 |
| Marketing fund, restricted | 2,395,119 | 2,537,488 |
| Related party receivable | 695,717 | 79,530 |
| Prepaid expenses and other current assets | 859,866 | 228,561 |
| Total current assets | 6,530,557 | 6,874,619 |
| Other receivables | 12,638 | 58,761 |
| Website, net | 150,333 | 194,333 |
| In |
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 company's total assets in 2023 amounted to $7,254,259. This figure represents the sum of Cicis' current and noncurrent assets at the end of the fiscal year. Current assets, which are those expected to be converted to cash within one year, totaled $6,874,619 and included items like cash and cash equivalents, accounts receivable, and prepaid expenses. Noncurrent assets, representing longer-term investments, totaled $379,640 and included items like website net value, intangible assets, and goodwill.
Understanding the composition of Cicis' assets can be valuable for a prospective franchisee. A significant portion of current assets is tied up in restricted marketing funds, which suggests a strong emphasis on marketing activities. The presence of intangible assets and goodwill indicates that Cicis has brand recognition and intellectual property value. Monitoring these asset values over time can provide insights into the financial health and stability of the company.
It's important to note that these figures are based on Cicis' combined balance sheets, which may include related-party transactions. Reviewing the notes to the financial statements, as referenced in the FDD, can provide further details on these transactions and their potential impact on the company's financial position. Additionally, prospective franchisees should consider consulting with a financial advisor to fully understand the implications of Cicis' asset structure and overall financial performance.