What were the total assets for City Publications as of December 31, 2024?
City_Publications Franchise · 2025 FDDAnswer from 2025 FDD Document
ntial doubt about CITY PUBLICATIONS FRANCHISE GROUP, INC.'s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control—related matters that we identified during the audit.
Ft. Collins, Colorado April 20, 2025
CITY PUBLICATIONS FRANCHISE GROUP, INC. CONSOLIDATED BALANCE SHEETS
| | AS OF DECEMBER 31, | | | |------
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 assets as of December 31, 2024, were $486,618. This figure is comprised of both current and non-current assets. Current assets include cash and equivalents amounting to $469,911 and accounts receivable totaling $6,166, summing up to total current assets of $476,077.
Non-current assets consist of property and equipment valued at $2,179 and other assets worth $8,362. When these non-current assets are combined, they total $10,541. The sum of the total current assets ($476,077) and total non-current assets ($10,541) gives the total assets of $486,618 for City Publications as of the end of 2024.
For a prospective franchisee, understanding the asset composition of City Publications can provide insights into the financial health and stability of the company. Comparing the 2024 figures to the previous year (2023), where total assets were $55,916, reveals a significant increase in assets. This increase is largely due to a substantial rise in cash and equivalents, which jumped from $34,370 in 2023 to $469,911 in 2024. This could indicate improved financial management or increased profitability for City Publications.