For what years are the combined statements of changes in members' capital included in the Cicis FDD?
Cicis Franchise · 2025 FDDAnswer from 2025 FDD Document
Attached as Exhibit G are (i) the combined audit report for us and our affiliate, CiCi Services Company, LLC, which includes our and CiCi Services Company, LLC's combined balance sheet as of December 31, 2024 and 2023, and the related combined statements of income, changes in members' capital and cash flows for the years then ended on December 31, 2024 December 31, 2023, December 31, 2022, and (ii) the Guaranty of Performance issued by our affiliate, CiCi Services.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 64)
What This Means (2025 FDD)
According to the 2025 Cicis Franchise Disclosure Document, the combined audit report includes combined statements of changes in members' capital for the years ending December 31, 2024, December 31, 2023, and December 31, 2022. This information is part of the financial statements that are attached as Exhibit G to the FDD. These statements offer insight into how the equity or ownership structure of Cicis has evolved over these three years.
For a prospective franchisee, reviewing these statements can provide a clearer picture of the financial stability and historical performance of Cicis. Changes in members' capital can reflect profits, losses, distributions to owners, or additional investments made into the company. Understanding these trends can help a franchisee assess the financial health and sustainability of the franchise system.
The inclusion of three years' worth of data allows for a more comprehensive analysis of trends, rather than relying on a single year's snapshot. This is a fairly standard practice in franchise FDDs, as it gives potential investors a broader view of the company's financial history. Franchisees should carefully examine these statements, possibly with the help of a financial advisor, to fully understand the implications for their investment.