For City Publications, what exhibit contains the audited financial statements?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
| STATE | FRANCHISE AGREEMENTS SIGNED BUT OUTLET NOT OPENED | PROJECTED NEW FRANCHISED OUTLETS IN THE NEXT FISCAL YEAR | PROJECTED COMPANY OWNED BUSINESSES |
|---|---|---|---|
| Alabama | 0 | 1 | 0 |
| Arizona | 0 | 1 | 0 |
| California | 0 | 2 | 0 |
| Colorado | 0 | 1 | 0 |
| Minnesota | 0 | 2 | 0 |
| Mississippi | 0 | 1 | 0 |
| North Carolina | 0 | 1 | 0 |
| South Carolina | 0 | 1 | 0 |
| Tennessee | 0 | 1 | 0 |
| Total | 0 | 11 | 0 |
ITEM 21. FINANCIAL STATEMENTS
Our audited financial statements for the years ending on December 31, 2024, December 31, 2023, and December 31, 2022 are attached
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the company's audited financial statements for the years ending December 31, 2024, December 31, 2023, and December 31, 2022, are included as Exhibit E. The fiscal year for City Publications ends on December 31.
As a standard practice in franchising, the inclusion of audited financial statements allows potential franchisees to assess the financial stability and performance of City Publications. These statements provide a detailed overview of the franchisor's financial health, which is crucial for making an informed investment decision.
Prospective franchisees should carefully review Exhibit E, potentially with the assistance of a financial advisor, to understand City Publications' revenue, expenses, assets, and liabilities. This review can help in evaluating the risks and opportunities associated with investing in a City Publications franchise.