What was the total value of Cicis' total assets as of December 31, 2023?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
ong other matters, the planned scope and timing of the audit, significant audit findings and certain internal control-related matters that we identified during the audit.
Dallas, Texas April 19, 2024
Combined Balance Sheets December 31, 2023 and 2022
| 2023 | 2022 | |
|---|---|---|
| Assets | ||
| Curr |
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 58–64)
What This Means (2025 FDD)
According to Cicis' 2025 Franchise Disclosure Document, the following information is available regarding Cicis' assets as of December 31, 2023: cash and cash equivalents totaled $2,931,372, and cash and cash equivalents for the marketing fund, which are restricted, totaled $771,794.
The document does not explicitly state the total value of all assets for Cicis as of December 31, 2023. It only provides a breakdown of certain current assets like cash and cash equivalents and restricted marketing funds.
To determine the total asset value, a prospective Cicis franchisee should review the complete financial statements within the FDD or request this information directly from the franchisor. This figure is crucial for assessing the financial health and stability of Cicis.