What was the Net income for City Publications during 2024?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
shares issued and outstanding | 1,000 | 1,000 | | | Additional paid-in capital | 17,000 | 17,000 | | | Retained earnings | 1,902,107 | 1,745,483 | | | Due from affiliates | (1,994,105) | (1,849,093) | | | TOTAL SHAREHOLDERS' (DEFICIT) | (73,998) | (85,610) | | | TOTAL LIABILITIES AND SHAREHOLDERS' (DEFICIT) | $ 486,618 | $ 55,916 | |
The accompanying notes are an integral part of these financial statements.
CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF OPERATIONS
| FOR THE YEARS ENDED DECEMBER 31, | ||||
|---|---|---|---|---|
| 2024 | 2023 | 2022 | ||
| REVENUES | ||||
| Franchise fees | $ 624,453 | $ 305,073 | $ 226,598 | |
| Royalty fees | 165,720 | 236,040 | 239,415 | |
| Other revenues | 322,271 | 445,561 | 448,915 | |
| Management fees | 300,827 | 285,828 | 225,539 | |
| TOTAL REVENUES | 1,413,271 | 1,272,502 | 1,140,467 | |
| OPERATING EXPENSES | ||||
| Compensation and related costs | 561,870 | 555,064 | 505,806 | |
| General and administrative | 274,238 | 328,368 | 457,315 | |
| Franchise relat |
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the company's net income for the year ending December 31, 2024, was $263,947. This figure represents the profit City Publications retained after deducting all expenses, including operating expenses and interest expenses, from its total revenues. This is a key indicator of the company's financial performance and profitability during that period.
In comparison, City Publications' net income for the year ending December 31, 2023, was $99,503, and for the year ending December 31, 2022, the company experienced a net loss of $(13,838). The increase in net income from 2023 to 2024 indicates a positive trend in the company's financial health and operational efficiency. Prospective franchisees may find this information useful in assessing the financial stability and growth potential of City Publications.
It's important to note that these figures are based on the financial statements prepared in accordance with generally accepted accounting principles (GAAP) and audited by an independent auditor. While the auditor's report expresses an opinion that the financial statements present fairly the financial position of City Publications, prospective franchisees should conduct their own due diligence and consult with financial advisors to fully understand the implications of these financial results.