For what years are the combined statements of income 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. Our and CiCi Services' fiscal year ends on December 31.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 64)
What This Means (2025 FDD)
According to Cicis's 2025 Franchise Disclosure Document, the combined statements of income for Cicis and its affiliate, CiCi Services Company, LLC, are included for the years ending December 31, 2024, December 31, 2023, and December 31, 2022. These statements are part of the combined audit report attached as Exhibit G to the FDD.
For a prospective franchisee, this means they can review Cicis's financial performance over the past three years to assess the brand's financial health and stability. Analyzing these statements can provide insights into Cicis's revenue, expenses, and profitability trends, which are crucial for making an informed investment decision.
The inclusion of these financial statements is a standard practice in franchising, as it allows potential franchisees to evaluate the franchisor's financial performance. By examining the combined statements of income, prospective franchisees can gain a better understanding of how Cicis has performed financially in recent years, which can help them assess the potential risks and rewards of investing in a Cicis franchise.