How much did City Publications spend on the purchase of property and equipment in 2024?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
ANCE, DECEMBER 31, 2023 | 1,000 | | 17,000 | (1,849,093) | 1,745,483 | (85,610) | | | | | | | Advances from (to) affiliates | - | | - | (145,012) | - | (145,012) | | | | | | | Capital (distributions) | - | | - | - | (107,323) | (107,323) | | | | | | | Net income | - | | - | - | 263,947 | 263,947 | | | | | | | BALANCE, DECEMBER 31, 2024 | $ 1,000 | $ | 17,000 | $ (1,994,105) | $ 1,902,107 | $ (73,998) | | | | | |
CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS
| FOR THE YEARS ENDED DECEMBER 31, | |||||||
|---|---|---|---|---|---|---|---|
| 2024 | 2023 | 2022 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||||||
| Net (loss) income | $ | 263,947 | $ | 99,503 | $ | (13,838) | |
| Adjustments to reconcile net income to net | |||||||
| cash provided by operating activities: | |||||||
| Depreciation expense | 3,000 | 3,000 | 3,000 | ||||
| Recognition of non-refundable deferred franchise fees | (34,253) | (22,373) | (16,313) | ||||
| Changes in assets and liabilities: | |||||||
| Accounts receivable | 4,018 | (10,184) | 36,271 | ||||
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the company's expenditure on the purchase of property and equipment in 2024 was $2,179. This figure is detailed within the Consolidated Statements of Cash Flows, specifically under the section for Cash Flows from Investing Activities. There were no expenditures listed for 2023 or 2022.
For a prospective franchisee, this indicates the level of investment City Publications itself makes in its own infrastructure and resources. While a relatively small amount, it shows some capital expenditure on fixed assets during the year. It is important to note that this figure reflects the franchisor's investment and not the potential investment required by a new franchisee to set up their own City Publications franchise.
Reviewing these figures over several years can provide insight into City Publications' investment strategy and whether they are increasing or decreasing their spending on property and equipment. A consistent investment might suggest a stable approach to infrastructure, while a significant increase could indicate expansion or upgrades. A prospective franchisee should consider these trends in the context of the overall financial health and strategic direction of City Publications.