Does City Publications provide any financial performance representations in Item 19 of the FDD?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the franchisor's management by contacting our President, Richard Houden, at 1300 Parkwood Circle SE, Suite 100, Atlanta Georgia 30339 (770) 951-0048, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — FINANCIAL PERFORMANCE REPRESENTATIONS (FDD page 32)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, City Publications does not make any representations about a franchisee's future financial performance, nor does it provide information on the past financial performance of company-owned or franchised outlets. City Publications also does not authorize its employees or representatives to make such representations, either orally or in writing. This means that prospective franchisees will not receive any specific financial projections or historical data from City Publications regarding potential revenues, expenses, or profits. This is a common practice among franchisors, as financial performance can vary significantly based on factors such as location, market conditions, and the franchisee's management skills.
However, the FDD does state that if you are purchasing an existing outlet, City Publications may provide you with the actual records of that outlet. This would allow you to review the financial history of that specific business. If a prospective franchisee receives any financial performance information or projections of future income from other sources, they are advised to report it to City Publications' management, the Federal Trade Commission, and the appropriate state regulatory agencies. This is to ensure that any information received is vetted and accurate.
Given the absence of financial performance representations in Item 19, it is crucial for potential City Publications franchisees to conduct their own independent research and due diligence. This includes developing a detailed business plan with realistic financial projections, conducting market research to assess the potential demand for City Publications' services in their target area, and speaking with existing franchisees to gather insights into their experiences and financial performance. Consulting with a financial advisor or accountant is also recommended to help evaluate the financial viability of the franchise opportunity.
In summary, while City Publications does not provide financial performance representations in its FDD, it does offer the possibility of reviewing the records of an existing outlet if one is being purchased. Prospective franchisees should rely on their own research and expert advice to assess the potential financial performance of a City Publications franchise.