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Highlights of CiCi’s Pizza’s Item 19 Financial Performance Representations (2012 FDD) – Part 2
Table 2 – Average Sales, Costs, and Expenses for Sample Restaurants in Fiscal Year 2011 (Unaudited)
- The company’s fiscal year is based on 52 or 53 weeks, rather than the full calendar year, and ends on the last Sunday of the calendar year.
- The year 2011 ended on December 25, 2011 and was a 52-week year.
- Certain fees which you must pay to the franchisor under the Franchise Agreement are not reflected below. These include initial franchise fees, ongoing royalties, and any interest expense you would incur if you finance any of the initial investment for your Restaurant.
Average Sales: $1,149,795 (100%)
Average Costs and Expenses
- Food and Paper: $361,117 (31.41%)