What was the total amount spent by City Publications on compensation and related costs in 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 total spending on compensation and related costs for the year 2024 was $561,870. This figure reflects the expenses City Publications incurred for employee salaries, wages, benefits, and other associated compensation costs during that fiscal year.
For a prospective franchisee, understanding City Publications' compensation expenses can provide insight into the financial health and operational scale of the franchisor. It can also serve as a benchmark when evaluating the potential costs associated with running their own franchise, although the franchisee's compensation expenses will depend on their specific staffing needs and local labor market conditions.
It's important to note that this figure represents the franchisor's expenses and not necessarily the compensation costs a franchisee would incur. Franchisees should conduct their own due diligence, including reviewing the financial performance representations (if any) in the FDD and consulting with existing franchisees, to develop realistic projections for their own business's expenses.