table_specific
What was the retained earnings for City Publications on December 31, 2021?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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 related costs | 244,917 | 212,220 | 150,427 | |
| Advertising and promotion | 29,375 | 32,623 | 15,369 | |
| Professional fees | 26,418 | 41,310 | (4,174) | |
| Bad Debt expense | 312 | - | 26,102 | |
| Depreciation expense | 3,000 | 3,000 | 3,000 | |
| TOTAL OPERATING EXPENSES | 1,140,130 | 1,172,585 | 1,153,845 | |
| OPERATING INCOME | 273,141 | 99,917 | (13,378) | |
| OTHER (EXPENSE) | ||||
| Interest expense | (9,194) | (414) | (460) | |
| NET INCOME | $ 263,947 | $ 99,503 | $ (13,838) |
**CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' (DEFICIT) FOR THE YEARS ENDED DECEMBER 31, 202
Source: Item 23 — RECEIPT (FDD pages 39–129)
What This Means (2025 FDD)
According to City Publications' 2025 Franchise Disclosure Document, the consolidated statement of changes in shareholders' deficit shows the retained earnings balance on December 31, 2021. The retained earnings for City Publications on December 31, 2021 was $1,715,261.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.