Does the City Publications disclosure document include financial statements?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPT]
EXHIBIT E TO THE DISCLOSURE DOCUMENT CITY PUBLICATIONS FRANCHISE GROUP, INC.
FINANCIAL STATEMENTS
CITY PUBLICATIONS FRANCHISE GROUP, INC.
FINANCIAL REPORT AS OF DECEMBER 31, 2024
CITY PUBLICATIONS FRANCHISE GROUP, INC.
TABLE OF CONTENTS
Independent Auditor's Report
To the Members CITY PUBLICATIONS FRANCHISE GROUP, INC. Atlanta, Geogia
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying balance sheets of CITY PUBLICATIONS FRANCHISE GROUP, INC. as of December 31, 2024, and 2023 and the related statements of operations, shareholders' (deficit), and cash flows for the years ended December 31, 2024, and 2023, and the notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CITY PUBLICATIONS FRANCHISE GROUP, INC. as of December 31, 2024, and 2023, and the results of their operations and their cash flows for the years ended December 31, 2024, and 2023, in accordance with accounting principles generally accepted in the United States of America.
[Item 23: RECEIPT]
I have received a disclosure document dated April 20, 2025. This disclosure document included the following exhibits:
- a. List of state administrators
- b. List of state agents for service of process
- c. Franchise agreement
- d. Table of contents of operating manual
- e. Financial statements
- f. List of franchisees
- g. Franchisee disclosure questionnaire
- h. Multi-state addenda
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the document includes financial statements. Item 23, which is the receipt, indicates that the disclosure document includes several exhibits, including financial statements.
Exhibit E to the disclosure document specifically refers to the financial statements of City Publications Franchise Group, Inc. The financial report provided is as of December 31, 2024, and includes a table of contents.
Furthermore, the independent auditor's report details the audit of City Publications Franchise Group, Inc.'s balance sheets as of December 31, 2024, and 2023, along with related statements of operations, shareholders' deficit, and cash flows for the years ending December 31, 2024, and 2023. The auditor's opinion states that the financial statements present fairly the financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America.