Are unpaid accounts receivable for Cicis with invoice dates over 30 days interest-bearing?

According to Cicis's 2025 Franchise Disclosure Document, unpaid accounts receivable with invoice dates over 30 days are non-interest bearing. Accounts receivable for Cicis primarily consist of accrued royalty fees, marketing contribution receivables (generally collected weekly in arrears), and vendor rebates. All accounts receivable are entered into on an unsecured basis.

This means that if a Cicis franchisee owes money to the company for more than 30 days, Cicis will not charge interest on that overdue amount. This policy could be beneficial for franchisees who occasionally experience short-term cash flow issues. However, it's important to note that while interest may not be charged, Cicis still has the right to pursue collection of the debt.

It is important for a prospective franchisee to understand Cicis's full policy on late payments, including any potential late fees or other penalties that may apply even if interest is not charged. Understanding these terms is crucial for managing the financial relationship between the franchisee and Cicis.